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Stock prices fluctuate as Wall Street looks set to end a volatile week on a high note
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Stock prices fluctuate as Wall Street looks set to end a volatile week on a high note

U.S. stocks were mixed at the open on Friday as Wall Street looked to end a volatile week on a high note. The S&P 500 (^GSPC) fell 0.1%, while the Nasdaq Composite (^IXIC) slipped 0.2%. The Dow Jones Industrial Average (^DJI) slipped 0.2%.

Markets are nearing the end of the most volatile week of the 2024 election campaign. Monday saw the worst defeat of the year and Wall Street’s “fear barometer” – the CBOE Volatility Index (^VIX) – rose to its highest level since the turmoil of the pandemic.

By Thursday, a reassuring look at the labor market – in the form of the normally routine weekly unemployment report – had given investors reason to jump back in. The S&P 500 and Nasdaq both gained over 2%, with the S&P posting its best day since late 2022 – a remarkable feat considering the breadth of the overall rally in 2024.

After a modest rally on Friday, the major indexes could end the week roughly at the same level they began at. After Thursday’s session, the S&P 500 index was about 0.5 percent below last Friday’s close. One more reason, as many strategists told Julie Hyman of Yahoo Finance in the Morning Brief newsletter, to keep calm amid the chaos.

Friday is a quiet day with no significant economic releases or earnings on the agenda. Among individual players, Nvidia (NVDA) will be back in the spotlight after its own wild swings this week. The company’s stock rose slightly in premarket trading. Meanwhile, Paramount (PARA) stock rose over 5% after the company reported its first streaming earnings and said it plans layoffs in the coming year.

Live1 Update

  • Share prices slightly down in morning trading

    Wall Street was poised to end the week in the red after stocks edged lower at the start of trading on Friday, capping a series of sessions that saw the worst slump of the year, and as Wall Street’s “fear barometer” – the CBOE Volatility Index (^VIX) – rose to its highest level since the throes of the pandemic. U.S. stocks fluctuated at the start of trading on Friday as Wall Street looked to end a volatile week on a high.

    The S&P 500 (^GSPC) fell 0.1%, while the Nasdaq Composite (^IXIC) declined 0.2%. The Dow Jones Industrial Average (^DJI) fell 0.2%.

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