Morgans AM
Morgans AM
Morgans Financial Limited
Monday, 10 July 2023: Stocks fell on Friday, as Wall Street struggled to shake fears that the Federal Reserve may start hiking rates again
4 minutes Posted Jul 9, 2023 at 11:31 pm.
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Stocks fell on Friday, and finished lower for the week, as Wall Street struggled to shake off fears that the Federal Reserve may start hiking rates again later this month. The S&P 500 lost -0.29%, the Nasdaq dipped -0.13% while the Dow dropped 187 points, or -0.55%. Energy went from worst to best sector gaining +2.06%, while materials gained +0.88%. Consumer staples fell -1.34% and health care lost -1.16%.