Stocks Ended Mixed Friday, Logged Strong August Gains
- Friday, August 31, 2018, 16:46
- Stock Market
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U.S. stocks ended mixed on Friday, as investors kept an eye on trade talks between the U.S. and Canada. The Dow Jones Industrial Average fell 22.10 points, or 0.09%, to 25,964.82. The S&P 500 gained 0.39 points, or 0.01%, to 2,901.52. The Nasdaq Composite added 21.17 points, or 0.26%, to 8,109.54. For August, the Dow advancd 2.2%, the S&P 500 posteda 3% monthly rise and the Nasdaq rallied 5.7%.
Oil ended lower Friday, as the U.S.-China trade dispute feeds worries about demand, but prices held on to a solid gain for the month. October West Texas Intermediate crude fell 45 cents, or 0.6%, to settle at $69.80 a barrel. The October contract ended the week 1.6% higher and finished the month of August with a rise of about 3.2%. Brent crude shed 35 cents, or nearly 0.5%, to $77.42 a barrel. The contract saw a weekly rise of 2.1% and a monthly climb of about 4.3%.
U.S. President Donald Trump notified Congress on Friday of his intent to sign a trade agreement with Mexico after talks with Canada broke up on Friday with no immediate deal to revamp the tri-nation North American Free Trade Agreement.
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