NEW YORK (AP) — Stocks edged lower in the early going on Wall Street Friday as trading quieted down at the end of a turbulent week.
The Dow Jones industrial was down 55 points, or 0.4 percent, to 15,121 after the first 90 minutes of trading. The Dow and other indexes were moving between slight gains and losses in morning trading, a sharp contrast to the sudden lurches up and down in the market earlier this week.
Trading has been volatile since late May as traders try to figure out when and by how much the Federal Reserve will dial back its aggressive support for the U.S. economy. This week was no different: The Dow slumped 243 points over Tuesday and Wednesday before jumping 180 points Thursday.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.