U.S. Stock Market Experiences Weekly Slump, But Defense & Energy Sectors Shine

The U.S. stock market witnessed a decline during the week, with major indices registering losses as reported by PANews. The Dow Jones Industrial Average dropped 1.79% on Friday alone, contributing to a weekly decrease of 1.32%. The S&P 500 Index also experienced a loss of 0.39%, while the Nasdaq Composite saw a decline of 0.63%, culminating in a weekly downturn. Despite this overall market slide, the energy and defense sectors provided a notable exception. Houston Energy surged significantly, climbing over 117.79% and U.S. Energy witnessed an increase of 55.63%. Meanwhile, Tesla shares (TSLA.O) experienced a rise of 1.94%.