Wall Street ends its worst week since 2020 with a small gain

• Wall Street ended its most painful week since the 2020 coronavirus crash
• Global markets have been trembling as investors acclimatize to the unpleasant medicine of higher interest rates.
• Higher interest rates can reduce inflation, but they also increase the chance of a recession

Wall Street ended its most painful week since the 2020 coronavirus crash with a meandering day of trading Friday, leaving it slightly higher.

After waffling between slight losses and gains for most of the day, the S&P 500 advanced 8.07 points, or 0.2 percent, to 3,674.84. The Dow Jones Industrial Average fell 38.29 points, or 0.1 percent, to 29,888.78, while the Nasdaq composite rose 152.25 points, or 1.4%, to 10,798.35.

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The comparatively quiet trade concluded a nasty and turbulent week for Wall Street. The S&P 500 fell 5.8 percent, marking the eighth loss in the previous 11 weeks. This is the worst week for markets since March 2020, when the global economy abruptly shut down due to the outbreak.

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Global markets have been trembling as investors acclimatize to the unpleasant medicine of higher interest rates, which the Federal Reserve and other central banks are increasingly administering. Higher interest rates can reduce inflation, but they also increase the chance of a recession by slowing the economy and lowering the prices of stocks, bonds, cryptocurrency, and other investments.