New York, Jan 24, 2025 (AFP) - US stocks retreat, cutting into weekly gains

NAMPA / AFP

2025-01-24

Wall Street stocks concluded a winning week on a tepid note Friday, retreating following mixed earnings in a move attributed to profit taking. After a flattish open, all three major indices moved into negative territory -- a trend that held the rest of the session. "This is normal consolidation or profit taking after a big 2-week rally," said Adam Sarhan of 50 Park Investment. The S&P 500, which closed at a record on Thursday, fell 0.3 percent to......

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