Stocks End Mostly Lower On Wall Street

Major stock indexes on Wall Street closed mostly lower Friday (Saturday, September 4, 2021, in Manila) though a rally in Big Tech companies nudged the Nasdaq to another all-time high, Alex Veiga reported for the Associated Press (AP).

Photo Insert: Wall Street ended the week needing a bit of first aid.

The S&P 500 fell less than 0.1% a day after notching a record high. The benchmark index still managed its second straight weekly gain. Losses in financial, industrial, and utilities companies outweighed gains in technology stocks and other sectors of the S&P 500. Energy prices mostly fell. Gold and silver rose. Treasury yields were mixed.

Stock indexes’ uneven finish followed a government report showing that U.S. employers created far fewer jobs than expected last month. The report led investors to question whether the delta variant is starting to impact economic growth.

The S&P 500 slipped 1.52 points to 4,535.43. The Dow Jones Industrial Average fell 74.73 points, or 0.2%, to 35,369.09. The Nasdaq composite rose 32.34 points, or 0.2%, to 15,363.52, its third straight gain.

The technology-heavy index also posted a weekly gain. The indexes’ moves were mostly muted ahead of a long holiday weekend. US stock markets will be closed Monday for Labor Day.

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WEEKLY FEATURE : PAL READY TO SOAR WITH PANDEMIC