- US stocks recorded their biggest weekly decline in two months, as investors digested mixed corporate earnings and weighed the prospect of further rises in interest rates after the release of important inflation data next week.
- The S&P 500 index gained 0.2 per cent on Friday, falling 1.1 per cent in the week.
- The tech-heavy Nasdaq Composite fell 0.6 per cent on the day, losing 2.4 per cent across five sessions.
- US Treasury yields continued their climb, while the inversion between yields on two- and 10-year notes hit the deepest level since 1981.
- The yen strengthened on Friday as investors responded to news of the likely appointment of academic Kazuo Ueda as the next Bank of Japan governor.
US stocks register biggest weekly decline in two months
S&P 500 loses 1.1% over the week as investors digest corporate earnings and anticipate higher interest rates
Martha Muir
