"FTX Founder Sentenced to Jail as Dow Rises, Nasdaq Falls"

The S&P 500 closed slightly lower, marking its second consecutive week of losses, as mixed signals on inflation dampened the summer stock market rally. While the producer-price index showed a slight increase in supplier prices, a key survey revealed that consumer expectations for inflation eased. Investors are closely monitoring inflation indicators for potential interest rate hikes by the Federal Reserve. The Nasdaq Composite also experienced its second straight week of declines, while the Dow Industrials gained. UBS shares rose after the Swiss bank announced it no longer required government assistance for its Credit Suisse takeover. Casino operators, such as Wynn Resorts and Caesars, saw declines. In the UK, strong economic data led to a slide in the FTSE 100 and a rally in the pound, potentially prompting the Bank of England to raise interest rates. Chinese stocks ended lower due to a significant drop in new loans issued by Chinese banks, indicating weak credit demand.