Nasdaq Extends Weekly Losing Streak as Fourth Day of Declines Adds to Market Volatility

Shares of several major companies experienced significant declines this week, causing the stock market to slide. Disappointing earnings reports from Keysight Technologies, Deere, and Estee Lauder led to drops in their respective share prices. Additionally, major tech companies such as Meta, Amazon, Microsoft, and Alphabet continued their downward trend for the week. The Dow Jones Industrial Average managed to finish slightly higher, but still posted its worst week since March. The S&P 500 and Nasdaq Composite both closed lower for the third consecutive week, marking a streak that hasn’t been seen since earlier this year. The market sentiment is shifting as investors rethink their previous optimism, leading to concerns about potential interest rate hikes and longer duration yields.