Stocks opened greater on Friday however had forfeited these positive factors in late morning commerce after shopper sentiment information from the University of Michigan on Friday confirmed a notable improve in shopper inflation expectations.
Near 11:30 a.m. ET, every of the S&P 500 (^GSPC), Dow Jones Industrial Average (^DJI), and tech-heavy Nasdaq Composite (^IXIC) have been down greater than 0.2%.
Through the week’s first 4 buying and selling periods the S&P 500 had been flat, the Dow off about 1%, and the Nasdaq up by the identical quantity.
Ahead of the weekend, buyers will proceed to carefully observe updates on the continuing debt ceiling negotiations, with a key assembly between President Joe Biden and House Speaker Kevin McCarthy postponed till subsequent week.