Markets lacked conviction, while the debate over the U.S. debt ceiling remained roiled by passionate intensity.
Turkey's presidential and parliamentary elections closed Sunday. Neither incumbent President Recep Tayyip Erdogan nor opposition rival Kemal Kilicdaroglu mayBitcoin lost 11.25% last week, hitting a 2-month low of $25,843. Analysts think the cryptocurrency might be in forThe bottom line
U.S. stocks barely budged Friday. The Dow Jones Industrial Average remained flat, the S&P 500 slid 0.16% and the Nasdaq Composite lost 0.35%. On a weekly basis, the Dow lost 1.1%, the S&P 500 dropped 0.3%, while the Nasdaq rose 0.4%. But overall, "none of the sectors are making convincing moves in either direction, reflecting a general lack of conviction in the market," said Joe Cusick, portfolio specialist and senior vice president at Calamos Investments.
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