Stocks Ended Mixed as Hurricane Irma near Florida

U.S. stocks ended mixed on Friday, with both the S&P 500 and the Nasdaq Composite in the red but the Dow Jones Industrial Average slightly higher as Hurricane Irma is set to make landfall in Florida over the weekend. The Dow gained 13.01 points, or 0.06%, to 21,797.79 and dipped 0.9% on the week. The S&P 500 slipped 3.67 points, or 0.15%, to 2,461.43, down 0.6% on the week. The Nasdaq Composite fell 37.68 points, or 0.59%, to 6,360.19, down 1.2% on the week.

U.S. oil prices dropped by more than 3% Friday to the lowest finish in a week as domestic refineries saw a slow recovery from flooding due to Hurricane Harvey. October West Texas Intermediate crude fell $1.61, or 3.3%, to settle at $47.48 a barrel, gained 0.4% for the week. November Brent crude lost 71 cents, or 1.3%, to $53.78 a barrel, with prices up nearly 2% for the week.

American consumers borrowed more heavily in July, increasing their debt primarily in a category that includes auto and student loans. The Federal Reserve said Friday that overall consumer credit rose $18.5 billion in July, up from the $11.9 billion increase in June.

Equifax, one of the three major consumer credit reporting agencies, said on Thursday that hackers had gained access to company data that potentially compromised sensitive information for 143 million American consumers, including Social Security numbers and driver’s license numbers.

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