News · Yahoo Finance

Dow Jones, Nasdaq, S&P 500 weekly preview: Markets brace for pivotal earnings week

The Dow fell 652.82 points, or 1.23%, to 52,215.16 on Friday as Thursday's tech selloff spread, while the S&P 500 slipped 0.52% to 7,623.68 and the Nasdaq Composite fell 0.21% to 25,955.34. US oil climbed above $100 a barrel on fears of renewed US-Iran conflict. The 10-year Treasury yield rose to around 4.999% after dipping below 5% Thursday for the first time in a month. For the week, the S&P 500 fell 0.5%, the Nasdaq lost 0.7%, and the Dow rose 0.4%. Investors await earnings from major AI players and the Fed meeting, with markets seeing roughly an 80% chance of a hike at the December meeting; RBC keeps its 12-month S&P 500 target of 8,150 while watching for a 5-10% pullback.

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