Friday the 13th didn’t spook investors with U.S. stocks little changed on the day as investors bided time until the Federal Reserve meeting on Wednesday.
The broad S&P 500 index dipped 0.16 point, or essentially stayed flat, to close Friday at 6,051.09. For the week, it slipped 0.6% to snap a three-week winning streak.
The blue-chip Dow eased 0.2% or 86 points, to 43,828.06 for a seventh straight day of losses, the longest losing streak since 2020. It ended the week 1.8% lower, for the largest weekly decline since October and the second consecutive week of losses. Â
The tech-heavy Nasdaq closed Friday up 0.12%, or 23.88 points, at 19,926.72, off its record high 20,061.65 reached earlier in the week. For the week, the Nasdaq gained 0.3%.
The Fed’s last policy meeting of the year ends on Wednesday. While the CME Fed Watch tool shows the markets see a 97% chance for a quarter-point trim in the short-term benchmark fed funds rate, to…
