500 Decline On Friday, Pointing To First Losing Week In 6 | Real-Time updates
500 Decline On Friday, Pointing To First Losing Week In 6
The S&P 500 fell on Friday as investors sold off Nvidia, as the market continued to relax this week even though the Federal Reserve's favored inflation gauge came in mostly in line with expectations.
The Nasdaq Composite fell 1.3% and the S&P 500 shed 0.5% as Nvidia and other megacap technology firms suffered. The gain of more than 2% in UnitedHealth helped to drive a 62-point, or 0.2%, increase in the Dow Jones Industrial Average.
After five weeks of gains, the S&P 500 and Nasdaq were poised to break their respective winning streaks of 1.8% and 2.4%. With a 2.3% decline, the Dow was headed for its second straight week of losses.
Despite those changes, May is looking like a successful month, with the key benc...