U.S. stocks continued to struggle on Friday as losses accelerated into the close, with only the Nasdaq Composite trading in the green. The S&P 500
SPX,
was down 0.5% in Friday trading at 4,118, leaving it on track to finish the week in correction territory, according to Dow Jones Market Data. Investors typically consider stocks to be in a correction once they have fallen more than 10% from a recent high. The S&P 500 is down 10.2% from its recent closing high of 4,588.96 set on July 31. The Nasdaq
COMP,
was trading 37 points, or 0.3%, higher at 12,634, while the Dow Jones Industrial Average
DJIA,
was off 369 points, or 1.2%, at 32,406, trading at session lows. All three major U.S. equity indexes were on track to book a weekly loss — what would be the sixth in eight weeks, FactSet data show. Both the S&P 500 and Nasdaq are poised for their worst October performance since 2018, with the S&P 500 down 3.9% month-to-date, and the Nasdaq down 4.3%. Tuesday is the final trading day for October. The Dow Jones Industrial Average, meanwhile, is on track for its worst October since 2020, per Dow Jones data.
