Market Recap: Friday, March 19: S7P 500, Dow, Nasdaq lower for the week
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Stocks ended mixed on Friday, with the Dow and S&P 500 declining while the Nasdaq recovered some losses from Thursday’s session. The S&P 500 ended Friday’s session a tick below the flat line and logged its first weekly loss in three weeks. The Dow traded lower by more than 200 points, weighed down by Visa and Nike, the latter of which fell after reporting disappointing quarterly sales results. A day earlier, the Nasdaq slid by 3% for its worst session in three weeks as bond yields resurged. On Friday, the 10-year Treasury yield hovered little changed after reaching its highest level since January 2020 this week, as concerns over inflation reignited. CIO for Independent Advisor Alliance, Chris Zaccarelli, and TD Ameritrade Senior Market Strategist Shawn Cruz joined Yahoo Finance Live to discuss.
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