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Nasdaq, S&P, Dow look for direction, set to end lower for the week on Fed concerns

Friday, 10 February 2023
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U.S. markets were mixed on Friday, as losses in megacap technology companies were offset by gains in energy stocks. For the week, Wall Street's three major indices were on track to end lower amid worries that the Federal Reserve would need to keep monetary policy tighter for longer. The tech-heavy Nasdaq Composite ( COMP.IND ) was down 0.84% to 11,689.98 points in morning trade, with FAANG stocks retreating across the board. The benchmark S&P 500 ( SP500 ) was lower by 0.