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U.S. stocks closed mostly lower on Friday, largely due to a selloff in energy shares. The S&P 500 energy sectors slumped 2.6%, weighing on the broader index. But all three main benchmarks posted weekly gains. The Dow Jones Industrial Average closed 58.67 points, or 0.2%, lower at 24,753.09, but posted a 0.2% weekly gain. The S&P 500 index fell 6.43 points, or 0.2% to 2,721.33 but ended the week 0.3% higher. Meanwhile the Nasdaq Composite advanced 9.42 points, or 0.1% to 7,433.85 and gained 1.1% over the week. Among the worst performers on the S&P 500, Gap Inc. shares fell 15% as the retailer reported disappointing earnings.
Dow posts a weekly return of 0.2%
For the week, the Nasdaq logs a 1.1% rise; S&P 500 climbs 0.3%
All three benchmarks ring up a weekly advance
Dow, S&P 500 end off about 0.2%; Nasdaq finishes up 0.1%
Nasdaq ekes out modest daily gain
Dow, S&P 500 end lower as oil's plunge batters energy stocks
Dow extends losses, falls 117 points
Crude-oil prices plunged Friday midday, putting the commodity on the brink of sliding below a closely followed trend line, with oil futures taking a beating on news that the Organization of the Petroleum Exporting Countries and Russia are considering lifting production caps. Most recently, June oil futures were recently down 4.3% at $67.67 a barrel, just above its 50-day moving average at $67.54, according to FactSet data. Market technicians sometimes use moving averages as a dividing line between bullish and bearish momentum in an asset. West Texas Intermediate crude oil trading on the New York Mercantile Exchange--the U.S. benchmark--hasn't broken below its 50-day moving average since early April. To be sure, oil has been a strong performer, of late, last week hitting a 3 1/2-year peak and rising 6.6% over the past three months, while the Dow Jones Industrial Average is down 2.2% over the same period and the S&P 500 index has lost 1%.
Airline stocks soared Friday, giving a big boost to the Dow Jones Transportation Average , with the tumbled in crude oil prices helping fuel the rally. The NYSE Arca Airline Index rallied 3.0%. The Dow transports top gainers were all airline stocks: Alaska Air Group Inc.'s climbed 4.4%; American Airlines Group Inc.'s rose 4.1%; Southwest Airlines Co.'s ran up 3.9%; JetBlue Airways Corp.'s advanced 3.2%; Delta Air Lines Inc.'s tacked on 2.6%; and United Continental Holdings Inc.'s gained 2.2%. The combined price gains of the airline stocks added about 61 points to the Dow Transports' price, which was up 82 points, or 0.8%, in midday trade. That compares with the 35-point drop in the Dow Jones Industrial Average . Crude oil futures tumbled 4.1% on reports that Russia and OPEC will boost production.
The U.S. benchmarks are approaching the unofficial start to summer amid characteristically range-bound, and slightly sluggish, price action. Still, the orderly May backdrop registers as bullish, versus the prior three months, punctuated by the S&P 500’s flag pattern pinned to the steep early-month rally.
Investors can blame the Dow Jones Industrial Average's decline Friday on two stocks, those of Chevron Corp. and Exxon Mobil Corp. , which are shaving a combined 36 points off the Dow as oil prices sink. Chevron shares were the Dow's biggest losers, as they shed 3.0%, with the price decline of $3.84 taking about 26 points off the Dow. Exxon's stock slumped $1.45, or 1.8%, to reduce the Dow's price by about 10 points. Meanwhile, the Dow was down just 7 points. Crude oil futures tumbled 3.5%, as Russia and the Organization of Petroleum Exporting Countries (OPEC) are reportedly discussing boosting supply.
U.S. stocks opened slightly lower on Friday, as selling in energy shares weighed on the main indexes. The main benchmarks looked set to finish the week with modest gains, however. The Dow Jones Industrial Average opened 26 points, or 0.1%, lower to 24,782. The S&P 500 index fell 3 points, or 0.1% to 2,724 at the open. Meanwhile the Nasdaq Composite inched 6 points, or 0.1% higher to 7,430. Among the worst performers on the S&P 500, Gap Inc. shares tumbled 10% as the retailer reported disappointing earnings.
Shares of small companies are once again climbing to new highs, but that doesn't mean larger companies will follow suit.
U.S. stock funds are on track for a third straight month of outflows as investors grow wary of the aging bull market.
A Tuesday stock market rally is putting major indexes on track to close above a key technical level, signaling they're regaining momentum after a rough stretch this year.
U.S. stocks' selloff intensified in afternoon trade Friday as fears mount about the impacts of a trade spat between the U.S. and China.
Stock investors have at least one reason for optimism: earnings season.
Whereas nothing seemed to faze the market in 2017, everything seems to be faze it in 2018.
A stock market selloff deepened on Monday after, led by high-flying technology stocks.
Major stateside stock benchmarks are pacing for a better annual performance than much of the rest of the world, despite a volatile few weeks.
It's quite likely the new chair will see more market volatility during his term than did his predecessor. Janet Yellen's time at the helm was marked by mostly serene markets.
Money is flowing back into stocks, a sign that investors believe the market will keep climbing after the recent selloff.
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Key U.S. | Last | Chg | Chg % |
---|---|---|---|
Dow Jones Industrial Average | |||
NASDAQ Composite Index | |||
S&P 500 Index | |||
Russell 2000 Index | |||
Other U.S. | Last | Chg | Chg % |
Dow Jones Transportation Average | |||
Dow Jones Utility Average Index | |||
Dow Jones U.S. Total Stock Market Index | |||
NASDAQ 100 Index (NASDAQ Calculation) | |||
S&P 400 Mid Cap Index | |||
NYSE Composite Index | |||
Barron's 400 Index | |||
CBOE Volatility Index | |||
Global | Last | Chg | Chg % |
Global Dow Realtime USD | |||
Asia/Pacific | Last | Chg | Chg % |
The Asia Dow Index USD | |||
S&P/ASX 200 Benchmark Index | |||
Shanghai Composite Index | |||
Hang Seng Index | |||
S&P BSE Sensex Index | |||
NIKKEI 225 Index | |||
FTSE Straits Times Index | |||
Europe | Last | Chg | Chg % |
STOXX Europe 50 Index EUR | |||
STOXX Europe 600 Index EUR | |||
CAC 40 Index | |||
DAX | |||
IBEX 35 Index | |||
FTSE 100 Index GBP | |||
Americas | Last | Chg | Chg % |
BOVESPA Index | |||
S&P/TSX Composite Index | |||
IPC Indice de Precios Y Cotizaciones |
Company | Last | Chg | Chg % |
---|---|---|---|
Intel Corp. | |||
UnitedHealth Group Inc. | |||
Procter & Gamble Co. | |||
McDonald's Corp. | |||
Boeing Co. | |||
Travelers Cos. Inc. | |||
Apple Inc. | |||
General Electric Co. | |||
Coca-Cola Co. | |||
Johnson & Johnson | |||
Nike Inc. Cl B | |||
Walt Disney Co. | |||
Microsoft Corp. | |||
Merck & Co. Inc. | |||
Home Depot Inc. | |||
3M Co. | |||
Verizon Communications Inc. | |||
United Technologies Corp. | |||
International Business Machines Corp. | |||
VISA Inc. Cl A | |||
Goldman Sachs Group Inc. | |||
Walmart Inc. | |||
JPMorgan Chase & Co. | |||
Pfizer Inc. | |||
Cisco Systems Inc. | |||
American Express Co. | |||
DowDuPont Inc. | |||
Caterpillar Inc. | |||
Exxon Mobil Corp. | |||
Chevron Corp. |