Stocks Ended Mostly Higher, S&P 500 at Record

U.S. stocks ended mostly higher on Friday, with the S&P 500 closing at a record, after a bigger-than-expected rise in February nonfarm payrolls. The Dow industrials rose 30.83 points, or 0.19%, to 16,452.72, contributing to a 0.8% weekly advance. The S&P 500 rose 1.01 point, or 0.05%, to 1,878.04, posing a 1% weekly rise. The Nasdaq Composite lost 15.90 points, or 0.37%, to 4,336.22, and trimming its weekly rise to 0.7%.

U.S. consumer credit grew in January but was held back by a contraction in credit card usage that could be a negative sign for the economy. Total consumer credit rose by $13.7 billion to $3.1 trillion, the Federal Reserve said on Friday.

Treasury prices sink Friday, sending benchmark yields on their biggest weekly rise since December, after a monthly jobs report beat the expectations of economists. The 10-year Treasury note 10_YEAR +1.90% yield, which rises as prices fall, closed 5.5 basis points higher on the day at 2.790%.

About the Author

has written 15958 stories on this site.

Write a Comment

Gravatars are small images that can show your personality. You can get your gravatar for free today!

You must be logged in to post a comment.

Copyright © 2012 Nine Stocks