U.S. stocks slipped Friday but held on to weekly gains, capping a roller-coaster week in which investors built up hopes for easier monetary policy—only to then give them up again.
Markets had a wild week. Stocks soared Monday and Tuesday, with the S&P 500 and Dow Jones Industrial Average logging their best two-day stretch since 2020. Weak economic data led investors to bet that the Federal Reserve might slow its pace of interest-rate increases.
