Its Nasdaq Composite index closed lower on Friday (7.11.2025). Wall Streetunder the pressure of further losses of shares artificial intelligence, snapping a week of losses as fresh economic data fueled investor fears of a slowdown.
Specifically, the Wall Street index with a large share of technology shares fell 0.21% and closed at 23,004.54 points. In contrast, the S&P 500 and Dow Jones Industrial Average rose slightly.
The broad index gained 0.13% to end at 6,728.80, while the 30-share index gained 74.80 points, or 0.16%, to end at 46,987.10. At the day’s lows, the Nasdaq was down 2.1 percent, while the S&P 500 and Dow were down 1.3 percent and more than 400 points, or about 0.9 percent, respectively.
Stocks rebounded from lows after Senate Minority Leader Chuck Schumer, D-N.Y., offered Republicans a new plan to end the unprecedented shutdown of the U.S. government. Under the proposal, short-term funding for federal government operations would be provided in exchange for a one-year extension of the Affordable Care Act’s enhanced tax credits.
Amid the disruption, investor concerns about the strength of the US economy have grown. A University of Michigan survey revealed on Friday that consumer confidence is near an all-time low. The figures come just a day after firm Challenger, Gray & Christmas announced that layoff announcements in October hit the highest level for the month in 22 years.