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Stocks dip ahead of tomorrow’s scheduled talks between the US and Iran

While the S&P 500 fell on the day, the benchmark index posted a winning week amid ceasefire optimism.

Tasha Matsumoto

The S&P 500 broke its seven-day winning streak ahead of tomorrow’s scheduled talks between the US and Iran, but the benchmark index ended the week up 3.6%. The Russell 2000 fell on the day, while the Nasdaq 100 edged higher. Gains in semiconductor stocks powered information technology to be the best-performing sector, while consumer staples was the worst performer.

March consumer prices were in line with analysts’ expectations, rising 3.3% higher year over year due to spiking energy prices. Core CPI, which excludes food and energy, were much tamer, climbing 2.6% from a year ago.

Stocks that moved higher:

Moving lower:

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