The US stock market fell for a third consecutive week, with the Dow Jones Industrial Average dropping 0.3% on Friday. High oil prices were blamed for the losses, and Adobe’s shares also plummeted amid its CEO stepping down.
High oil prices continued to impact the stock market, causing the Dow Jones to lose value for the third time this week. The Nasdaq experienced technical damage, while Adobe saw a decline in its stocks despite releasing better-than-expected earnings reports. The S&P 500 slid 0.6%, hitting a new low.
Source: https://www.investors.com/market-trend/stock-market-today/dow-jones-sp500-nasdaq-fed-inflation-data