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 The decline in the dollar also helps American investors holding overseas stocks.
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It's tough to top quadruple-digit growth.
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Although the clambering toward a record by arguably the most important stock-market benchmark in the world has stalled out in recent days, its proximity to an all-time closing peak has made a number of investors uneasy to say the least.
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Former Vice President Joe Biden announced that Harris would be his running mate for the 2020 presidential election.
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U.S. stocks spent most of the day hovering around the flat line after a weaker-than-forecast July rise in retail sales.
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Just a few points short of the record high reached in February, the index closed the week mixed as worries about the economy increase.
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 Yahoo Finance's Adam Shapiro breaks down the stocks to watch Friday.
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 U.S. stocks end little changed after weaker-than-expected rise in retail sales
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 Oil futures settled lower on Friday on the back of weaker global demand forecasts, but declines in U.S. crude supplies helped prices tally a gain for the week. Right now, "fundamentals are not looking favorable for crude," with pressure from both the supply and demand sides of the market," said James Hatzigiannis, chief market strategist Ploutus Capital Advisors. Prices will likely "be coiling around this area until we see a big catalyst...leading to risk on or risk off sentiment." September West Texas Intermediate oil fell by 23 cents, or 0.5%, to settle at $42.01 a barrel on the New York Mercantile Exchange. Front-month prices rose 1.9% for the week.
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.
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U.S. stocks opened mostly lower on Friday, as investors digested so-so economic data against the backdrop of stalled negotiations over extending coronavirus aid. The Dow Jones Industrial Average was down 119 points or 0.4% to open near 27,778, while the S&P 500 lost 8 points, 0.2%, to open near 3,370. The tech-heavy Nasdaq Composite index bucked the trend, opening at 11,046, up about 3 points. Retail sales volumes grew 1.2% in July, below expectations, but boosted by upward revisions to prior months. All eyes are on consumer working and spending patterns now that existing fiscal relief has expired, and negotiations for an extension seem to have broken down in Washington. Shares of Tesla Inc. jumped at the start of trading, opening above an earlier record of $1,643.
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.
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Campaigners say managers have overdosed on US giants such as Apple, Amazon and Microsoft
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David Tepper's fund Appaloosa took a number of new stakes in mostly communication services, technology an payment platforms over the past 45-day period, according to regulatory filings submitted to the Securities and Exchange Commission on Friday, known as 13Fs. Appaloosa acquired more than 9 million shares in AT&T worth $274 million, but also picked up 840,000 shares of Visa Inc. valued at $162.3 million, 545,000 shares of Mastercard worth $161 million, and 870,000 shares of payments company PayPal Holdings , or $151.6 million. Tepper's fund also scooped up 1.2 million shares of Disney at $133 million and 1.9 million shares of food-services company Sysco Corp. worth $102.5 million. Appaloosa also purchased 1.6 million shares of Altria Group Inc. for about $61 million, representing a new position in the tobacco company. Incidentally, while the 13F fillings for Warren Buffett's Berkshire Hathaway was unloading more than a quarter of its position in Wells Fargo & Co. , Tepper boosted his position by more than 170%, buying 1.2 million shares of the San Francisco bank, representing 0.8% of Appaloosa's overall portfolio from 0.6%. The company also picked up 1.4 million shares of Emerson Electric Co. , worth $87 million, about 1.5% of the fund's portfolio. Large investors must disclose long stock positions held at the end of a quarter 45 days later in a 13F filing with the SEC, which means such filings are merely a snapshot of an investor holdings at a given point.
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.
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