Stocks Ended Mixed, Dow Hit Record High

U.S. stocks ended mixed on Friday, but recorded hefty weekly gains, with the Dow Jones Industrial Average rising for a fifth session in a row to close at a new record high. The Dow Jones Industrial Average gained 39.78 points, or 0.21%, to 18,847.66, and gained 5.4% over the week. The S&P 500 was down 3.03 points, or 0.14%, to 2,164.45 and booked a 3.8% weekly gain. The Nasdaq Composite was up 28.32 points, or 0.54%, to 5,237.11 and ended the week 3.8% higher.

Oil futures settled sharply lower on Friday to tally a weekly loss of about 1.5%. December West Texas Intermediate crude fell $1.25, or 2.8%, to settle at $43.41 a barrel. January Brent crude fell $1.09, or 2.4%, to $44.75 a barrel.

The Obama administration on Friday gave up all hope of enacting its sweeping Pacific trade agreement, a pact designed to preserve U.S. economic influence in fast-growing Asia that was buried by a wave of antitrade political sentiment that culminated with Tuesday’s presidential election.