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U.S. stocks ticked down Friday as investors tried to recover the remaining losses stemming from the selloff earlier this week.
The Dow Jones Industrial index removed 70.55 points to 39,375.94.
The S&P 500 index shed 1.78 points to 5,317.53.
The NASDAQ fell 14.54 points to 16,645.48.
Paramount Global climbed around 3% after posting adjusted earnings that trounced estimates and announcing it’s cutting 15% of its U.S. workforce. E.l.f. Beauty slipped about 14% after posting cautious guidance.
The S&P 500 advanced 2.3% in Thursday’s session, its best day since November 2022, while the 30-stock Dow surged roughly 683 points. The tech-heavy NASDAQ Composite added 2.9%.
Nonetheless, the major averages remain negative on a week-to-date basis. The S&P 500 is off 0.5% this week, while the NASDAQ is off 0.7%, and the Dow is down 0.9%. Both the broad-market S&P 500 and the NASDAQ are on pace for their fourth losing week.
Prices for the 10-year Treasury gained ground lowering yields to 3.94% from Thursday’s 3.99%. Treasury prices and yields move in opposite directions.
Oil prices sagged 19 cents at $76.00 U.S. a barrel.
Gold prices took on $2.60 to $2,465.90.
