Stocks Ended Day and Week in Positive Territory

U.S. stocks closed higher on Friday, preserving weekly gains, after the release of three more economic data sets
while investors’ focus shifted back to the Federal Reserve. The Dow Jones Industrial Average gained 69.15 points,
or 0.40%, to 17,477.40, for a weekly gain of 0.6%. The S&P 500 was up 8.15 points, or 0.39%, to 2,091.54, for a
weekly gain of 0.7%. The Nasdaq Composite rose 14.68 points, or 0.29%, to 5,048.23, for a weekly gain of 0.1%.

The University of Michigan’s consumer sentiment index edged slightly lower to a reading of 92.9 in August from 93.1 in July.

U.S. producer prices rose for a third straight month in July, suggesting the drag on inflation from weaker oil
prices was easing. The Labor Department said on Friday its producer price index for final demand increased 0.2
percent last month after increasing 0.4 percent in June.

Thanks largely to increased production of autos, industrial production climbed 0.6% in July, the Federal Reserve
said Friday.

Eurozone finance ministers have agreed on a new bailout deal for Greece after Athens backed the plan. European
Commission President Jean-Claude Juncker said the deal sent a message “loud and clear” – Greece will stay in the
eurozone.