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The S&P 500 and the Dow Jones Industrial Average eked out gains on Friday, wrapping up a volatile week on Wall Street. A move by China to ban cryptocurrencies weighed on the technology sector and Nike shares fell as supply chain issues stemming from the pandemic hit the sneaker giant.

The Dow Jones Industrial Average gained 33.18 points, or 0.10%, to 34,798.00. The S&P 500 edged 0.15% higher to 4,455.48 and the Nasdaq Composite ticked down 0.03% to 15,047.70.

The Nasdaq trailed the other major averages on a week-to-date basis, and the tech-heavy index added 0.02% for the week. The Dow finished the week 0.6% higher, while the S&P 500 ended it 0.5% higher.

 

 

European stocks close lower ahead of German election; Evergrande, central banks in focus

European stocks closed lower on Friday as investors reacted to central bank policy decisions and monitored developments surrounding China Evergrande Group.

The pan-European Stoxx 600 ended down 0.9% with all major bourses and most sectors in negative territory.

 

FTSE 100 slips as slowdown worries, inflation fears persist

London's FTSE 100 ended lower on Friday as concerns about a slowdown in global economic growth outweighed gains in healthcare and energy stocks.

The blue-chip FTSE 100 index (.FTSE) eased 0.4%, but snapped its three-week losing streak. Retailers (.FTNMX404010), industrial miners (.FTNMX551020) and life insurers (.FTNMX303010) were the top losers.

Reference: CNBC, Reuters