|
Stocks ended mixed on Friday, but managed to cling to weekly gains as investors eyed the economic impact of COVID-19 restrictions in Europe. The S&P 500 fell 0.3% to 3,841. The Dow Jones Industrial Average shed 179 points, or 0.6%, to 30,997, based on preliminary numbers. The Nasdaq Composite was up 0.1% to 13,543, setting a new closing record on Friday. For the week, the S&P 500 rose 1.9%, the Dow gained 0.6%, and the Nasdaq climbed 4.2%. Economic data from Europe reflected the continuing toll from the pandemic, raising concerns the eurozone could enter into another recession. Shares of Schlumberger Ltd. rose after the oil services company topped profit forecasts, and beat revenue expectations for the first time in four quarters.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
|
|
U.S. stock indexes close moderately lower Friday after posting fresh record highs this week, as lockdown measures in Europe and America to combat the COVID-19 pandemic took an economic toll and President Biden's proposed new round of fiscal stimulus ran into opposition in the Senate.
|
|