The Dow fell 0.8 per cent.Īpple (AAPL.O) managed a small 0.3 per cent gain on Friday, though its close of $178.18 was about $2 below its session high as a rally lost steam. The Dow Jones Industrial Average (.DJI) rose 75.86 points, or 0.22 per cent, to 34,576.59, the S&P 500 (.SPX) gained 6.35 points, or 0.14 per cent, to 4,457.49 and the Nasdaq Composite (.IXIC) added 12.69 points, or 0.09 per cent, to 13,761.53.įor the week, which was shortened by Monday's Labor Day holiday, the S&P 500 fell 1.3 per cent, while the Nasdaq lost 1.9 per cent with both snapping two weeks of gains. Are higher rates going to lead to some slow down in conjunction with the dwindling of excess consumer savings," said Lefkowitz, who also cited concerns about high valuations in equities. People are questioning whether this is a risk to economic growth. "The tone has changed in recent weeks because of the move up in rates.
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