Halted U.S debt ceiling talks between the White House and Republicans pushed stocks into red territory this afternoon, but comments from Federal Reserve Chairman Jerome Powell indicating a smaller-than-expected interest rate hike may be possible kept pessimism in check.
While the Dow shed 109 points on the day, it still marked its first positive week this month. The S&P 500 and Nasdaq also saw daily losses, but the latter marked its fourth consecutive weekly win, with both indexes also logging their best percentage gains on the week since March.
Continue reading for more on today’s market, including:
Why investors shouldn’t sleep on the Nasdaq-100.
Farfetch stock pops on smaller-than-expected losses.