S&P 500, Nasdaq Snapped 3-week Winning Streak

U.S. stocks finished mostly higher on Friday but weekly losses for the S&P 500 and Nasdaq Composite. The Dow Jones Industrial Average fell 21.51 points, or 0.11%, to 19,170.42. The S&P 500 was up 0.87 point, or 0.04%, to 2,191.95. The Nasdaq Composite added 4.54 points, or 0.09%, to 5,255.65. Dow edged up 0.1% for the week, S&P 500 recorded weekly loss of 1% and Nasdaq was down 2.7% for the week.

Oil futures finished higher Friday, scoring a weekly gain of more than 12% as traders held out hope for the success of OPEC’s output deal to help shrink the world’s glut of crude supplies. January West Texas Intermediate crude tacked on 62 cents, or 1.2%, to settle at $51.68 a barrel. February Brent crude rose 52 cents, or 1%, to settle at $54.46 a barrel.

President-elect Donald Trump has assembled a kitchen cabinet of wealthy corporate and financial executives – including current and former leaders from General Motors, JP Morgan Chase and IBM – to provide him with economic advice.

Internet-radio pioneer Pandora saw its stock soar Friday after a report from CNBC said the company was open to selling itself. Pandora was up over 16% at one point in trading on Friday.

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