The Dow Jones and Russell 2000 ended lower while the S&P 500 and Nasdaq-100 ended higher. The WTI crude contract rose on Friday, but still posted a weekly loss of almost nine percent. The energy sector is now facing the reality of an over-supplied global market. Food and beverage stocks faced pressure after Walmart’s (WMT) CEO discusses the impact of weight loss drugs on food habits. Airbnb (ABNB) shares closed lower this week after a Keybanc analyst said it’s time to step to the sidelines on ABNB shares as the pandemic recovery bump fades. Tune in to find out more about what to watch next week and the stock market today.
06 Oct 2023
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