Stocks Ended Lower; S&P 500 and Nasdaq Booked Weekly Losses
- Friday, December 16, 2016, 16:47
- Stock Market
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U.S. stocks ended Friday’s session lower and the main indexes showed mixed weekly performance. The Dow Jones Industrial Average was down 8.83 points, or 0.04%, to 19,843.41 but booked a 0.4% weekly gain. The S&P 500 declined 3.96 points, or 0.18%, to 2,258.07 and closed the week down by less than 0.1%. The Nasdaq Composite was off 19.69 points, or 0.36%, to 5,437.16 and booked a 0.1% loss over the week.
Oil prices settled higher Friday to tally a gain for the week. January West Texas Intermediate crude added $1, or 2%, to settle at $51.90 a barrel. For the week, prices rose roughly 0.8%. February Brent crude added $1.19, or 2.2%, to $55.21 a barrel, with prices about 1.7% higher for the week.
Sumner Redstone plans to step down from Viacom’s board of directors in two months, retaining a non-voting role as chairman emeritus. The action takes effect after Viacom’s annual meeting February 6, 2017, the company said in a proxy statement filed Friday.
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