S&P 500 end week lower, despite Friday gains amid mixed economic outlook

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• S&P 500 closed up 0.14% at 4,457.49 on Friday but lost 1.13% for the week, reflecting investor caution amid global economic uncertainties.
• US economic data shows resilience with solid service sector activity and tight labor market, contrasting with gloomy outlooks in China and Europe.
• US Treasury bond yields advance to 4.268% on 10-year note, while the US Dollar Index finishes the week up 0.76%, signaling cautious optimism.

Wall Street finished Friday’s session clinging to minuscule gains after a week that witnessed economic data from the United States (US) would keep the US Federal Reserve sitting on its hand but keeping rates “higher for longer,” as Chair Powell stated in several speeches. Consequently, US Treasury bond yields advanced, while the Greenback finished above a crucial level.