S&P 500 slips more than 1% in worst weekly performance of 2023 on Fed concerns

The S&P 500 (SP500) on Friday fell 1.11% for the week to settle at 4,090.46 points, posting losses in four out of five sessions. Its accompanying SPDR S&P 500 Trust ETF (NYSEARCA:SPY) slipped 1.05%.

It was the benchmark