SWS Market Update - May 13, 2022
U.S. stocks closed with gains on Friday after a tough week of losses. Despite Friday’s gains, all three benchmark indexes ended the week with losses. The Dow Jones Industrial Average dropped 2.1% and posted its longest losing streak in twenty years as it was down for the seventh week in a row. The S&P 500 fell 2.4% for the week and the Nasdaq Composite went down 2.8% for the week. This was the sixth week of losses for the S&P 500 and the Nasdaq Composite. Economic Reports Imp