Stocks Ended Mostly Higher, Posted Big Weekly Drops

U.S. stocks closed mostly higher in a wild action on Friday, with the Nasdaq and S&P 500 snapping a three-session losing streak, as investors viewed the reaction to an announcements of tariffs as overdone. The Dow Jones Industrial Average fell 70.92 points, or 0.29%, to 24,538.06. The S&P 500 rose 13.58 points, or 0.51%, to 2,691.25. The Nasdaq Composite rose 77.31 points, or 1.08%, to 7,257.87. For the week, the Dow fell 3.1%, the S&P lost 2% and the Nasdaq shed 1.1%.

Oil futures maintained gains to snap a three-session slide after another small rise in the number of U.S. rigs drilling for crude, but suffered a down week. April West Texas Intermediate crude rose 26 cents, or 0.4%, to end at 61.25 a barrel. That left the U.S. benchmark with a 3.6% weekly decline. May Brent rose 54 cents, or 0.9%, to settle at $64.37 a barrel, trimming its weekly fall to 4%.