Nasdaq, S&P 500 Fall, Dragged by Communications Services

(Reuters) – The S&P 500 and Nasdaq closed lower on Friday as disappointing quarterly reports from Snap Inc and Intel Corp dragged down the communications and technology sectors and investors turned skittish as Federal Reserve Chair Jerome Powell discussed stimulus tapering.

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The Dow Jones Industrial Average (DJIA) slumps around 300 points on Friday, or roughly 0.6%, retreating from the 48,000 handle after two sessions of ceasefire-fueled gains.

Pound Sterling Price News and Forecast: GBP/USD climbs as Pakistan talks boost risk mood 10 April 2026

The GBP/USD climbed on Friday as risk appetite improved amid the start of US-Iran talks in Pakistan. Meanwhile, US inflation rose as expected in March, but traders seem confident it's a one-time jump as they remain optimistic about Middle East peace negotiations.

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Nasdaq, S&P 500 Fall, Dragged by Communications Services

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