U.S. stocks closed slightly lower on Friday, as rising unrest in Ukraine offset a better-than-expected April
jobs report. The Dow Jones Industrial Average lost 45.98 points, or 0.28% to 16,512.89, but still recorded a
gain of 0.9% over the past week. The S&P 500 was off 2.54 points, or 0.13%, to 1,881.14 and gained 1% over the
week. The Nasdaq Composite was down 3.55 points, or 0.09%, to 4,123.90 and gained 1.2% over the week.
Orders for goods produced in U.S. factories rose 1.1% in March, the U.S. Commerce Department said Friday.
Factory orders grew by a revised 1.5% in February, compared with a prior estimate of a 1.6% gain. Orders for
durable goods — products meant to last at least three years — rose 2.9% in March. Orders for nondurable goods
fell 0.6%.
Oil and gas giant Chevron Corp. earned $4.5 billion in the first quarter, down 27.4 percent from a profit of
$6.2 billion in the same period a year earlier.
A U.S. bankruptcy judge on Friday urged settlement talks in a dispute between General Motors Co (GM.N) and
plaintiffs seeking compensation for the lost value of their cars stemming from a massive recall over a faulty
ignition switch.
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