U.S. Stock Market Sees Weekly Decline Amid Sector Gains

According to PANews, the U.S. stock market closed on Friday with notable declines across major indices. The Dow Jones Industrial Average fell by 1.79% on the day, contributing to a weekly loss of 1.32%. The S&P 500 Index decreased by 1.13%, ending the week down 0.39%, while the Nasdaq Composite dropped 1.30%, resulting in a weekly decline of 0.63%. Despite the overall market downturn, the energy and defense sectors showed resilience. Houston Energy experienced a significant surge, rising over 117.79%, and U.S. Energy saw an increase of 55.63%. Additionally, Tesla (TSLA.O) shares rose by 1.94%.