SEBI Reg. Investment Advisor

Download App
Help Center Pricing
Money Works 4 Me Logo MoneyWorks4Me
Login Get Free Account
Sign Up

MoneyWorks4Me

Log In Sign Up Schedule Free 15‑min Call
Login Get Free Account
Sign Up
  1. Home
  2. Stock Market News
  3. US markets end higher on Friday

US markets end higher on Friday

09 Sep 2023 Evaluate

The US markets ended higher on Friday as some traders picked up stocks at reduced levels following recent weakness. Meanwhile, some traders have felt concerns about the outlook for interest rates, which contributed to the recent weakness, have been overdone. While recent economic data has led to worries the Federal Reserve may leave rates higher for longer than previously anticipated, the central bank is still widely expected to keep rates unchanged later this month. On the economic data front, a report released by the Commerce Department showed a modest decrease by U.S. wholesale inventories in the month of July. The Commerce Department said wholesale inventories dipped by 0.2 percent in July after falling by a revised 0.7 percent in June.

Street had expected wholesale inventories to edge down by 0.1 percent compared to the 0.5 percent decrease originally reported for the previous month. The modest decline in wholesale inventories came as a 0.3 percent drop by inventories of durable goods more than offset a 0.1 percent uptick in inventories of non-durable goods. On the sectoral front, oil stocks showed a significant move to the upside on the day, benefitting a rebound by the price of crude oil following the pullback seen on Thursday. With crude for October delivery climbing $0.64 to $87.51 a barrel, the NYSE Arca Oil Index advanced by 1.4 percent to a record closing high. Notable strength was also visible among banking stocks, as reflected by the 1.1 percent gain posted by the KBW Bank Index. Brokerage, utilities and software stocks also saw some strength on the day, while telecom stocks came under pressure over the course of the session.

Dow Jones Industrial Average gained 75.86 points or 0.22 percent to 34,576.59, Nasdaq rose 12.69 points or 0.09 percent to 13,761.53 and S&P 500 was up by 6.35 points or 0.14 percent to 4,457.49. 


Register Now to get our Free Newsletter & much more!
2026 ©The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me® is a registered trademark of The Alchemists Ark Pvt. Ltd.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×