S&P 500, Nasdaq advance, turning the page on a tumultuous week
Businesstimes News·
- Wall Street closed a volatile week mixed as US Treasury yields topped 5 per cent and crude prices remained above US$100 per barrel.
- The S&P 500 and the Nasdaq advanced driven by a semiconductor rally, while the Dow suffered its biggest weekly percentage decline since March.
- Global central banks tightened monetary policies to curb inflation, and markets priced in a 55.4 per cent probability of another US Federal Reserve rate hike in October.
