Stocks End Week Higher; Dow at Record

U.S. stocks ended Friday’s volatile session mixed, but the Dow Jones Industrial Average eked out a gain and closed at a record high. The Dow Jones Industrial Average gained 13.75 points, or 0.08%, to 17,279.74, notching its 18th record close this year. The S&P 500 was down 0.96 point, or 0.05%, to 2,010.41 and was 1.3% higher over the week. The Nasdaq Composite fell 13.64 points, or 0.30%, to 4,579.79.

The U.S. government said Bank of America Corp’s bid to throw out a jury verdict finding it liable for the sale of questionable loans to Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) before the financial crisis, which led to a $1.27 billion penalty, defies common sense and should be rejected.

The board of the Financial Industry Regulatory Authority has approved proposals aimed at increasing transparency in high-frequency trading and dark pools, amid an intensifying crackdown by US authorities.