Morning Report: Wall St suffers worst week since June

By Tom Piotrowski | More Articles by Tom Piotrowski

US sharemarkets fell again on Friday with all of the eleven S&P500 sector indexes were lower, led by utilities and real estate after longer-term treasury prices fell on Friday (yields higher) in response to higher producer price inflation. The Dow Jones index dropped by 272 points or 0.8%. The S&P 500 index lost 0.8% and the Nasdaq  index fell by 133 points or 0.9%. Over the week, the Dow fell 2.2%; the S&P 500 fell 1.7%; and the Nasdaq lost 1.6%.