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US: Wall Street set for weekly declines as concerns over economy, tech valuations weigh

by Sarkiya Ranen
in Technology
US: Wall Street set for weekly declines as concerns over economy, tech valuations weigh
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[NEW YORK] Wall Street’s main indexes opened lower on Friday (Nov 7), and were set for sharp weekly declines, as concerns about the economy and towering valuations in the technology sector soured sentiment.

The Dow Jones Industrial Average fell 115.3 points, or 0.25 per cent, at the open to 46,797.03.

The S&P 500 fell 24.1 points, or 0.36 per cent, at the open to 6,696.18, while the Nasdaq Composite dropped 161.1 points, or 0.70 per cent, to 22,892.917 at the opening bell. REUTERS



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Tags: ConcernsDeclinesEconomySetStreetTechValuationsWallWeeklyWeigh
Sarkiya Ranen

Sarkiya Ranen

I am an editor for Ny Journals, focusing on business and entrepreneurship. I love uncovering emerging trends and crafting stories that inspire and inform readers about innovative ventures and industry insights.

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