Published by
Benzinga
Benzinga
Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories. The three major averages ended their multiple week long winning streaks. The S&P 500 was down 1.4%, marking an end to its five-week rally. The Nasdaq, after an eight-week winning stretch, also fell by 1.4%, recording its poorest weekly performance since March. The Dow saw a downturn of almost 1.7%, halting its three-week rise. On Wednesday, Federal Reserve Chairman Jerome Powell confirmed that there would likely be further hikes in the interest rate until there is …