US stocks close mixed, S&P 500 records worst week since 2020
Still in bear market territory, S&P 500 dives 6% for worst performance in over 2 years
The US stock market closed mixed on Friday, while the S&P 500 recorded its worst week since 2020 with investors' fears of recession.
The index added 8 points, or 0.22%, to finish at 3,674 points, but recorded a 6% weekly decline, having its worst weekly performance since March 2020.
S&P 500 is still in a bear market territory as investors are worried that the Federal Reserve's aggressive monetary tightening could cause recession in the world's biggest economy.
The tech-heavy Nasdaq rose 152 points, or 1.43%, to close at 10,798.
The Dow Jones, on the other hand, fell 38 points, or 0.13%, to end the day at 29,888.
The VIX volatility index, also known as the fear index, was down 5.5% to 31.13.
The dollar index rose almost 1% to 104.63, but the 10-year US Treasury yield fell 2.2% to 3.232%.
Precious metals were down, with gold falling 0.8% to $1,841 and silver losing 1.2% to $21.69.
Crude oil prices plummeted by around 6%.
Global oil benchmark Brent crude was trading at $113.16 for a 5.5% loss, while US benchmark West Texas Intermediate (WTI) was at $109.94 -- a 6.5% decrease.Anadolu Agency website contains only a portion of the news stories offered to subscribers in the AA News Broadcasting System (HAS), and in summarized form. Please contact us for subscription options.