Wall Street closed out a dramatic week with modest gains on Friday as investors juggled concerns about a potential September rate rise and instability in Chinese markets.
According to a report from Reuters, American stocks trended down after Federal Reserve Vice Chairman Stanley Fischer reported to CNBC that there was no final word about the September rate hike.
After dramatic dips and spikes that brought the S&P 500 to its lowest level since October 2014, all three major American indices ended the week with modest gains.
According to managing director of trading and derivatives for Charles Schwab in Austin, TX, Randy Frederick, investors spent most of Friday recalibrating their portfolios before heading into the weekend.
Fears over China and uncertainty in the global market have many on Wall Street banking on the Fed delaying a rate increase until the climate is more stable.
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