Stocks Ended Flat and Booked Strong Weekly Gains

U.S. stocks ended little changed on Friday, spurred by that President Donald Trump instructed aides to proceed with tariffs on about $200 billion more of Chinese products limited gains. The Dow Jones Industrial Average rose 8.68 points, or 0.03%, to 26,154.67. The S&P 500 gained 0.80 point, or 0.03%, to 2,904.98. The Nasdaq Composite dropped 3.67 points, or 0.05%, to 8,010.04. Still for the week, the Dow rose 0.9%, the S&P 500 gained 1.2%, while the Nasdaq booked a 1.4% weekly gain.

Oil futures ended higher Friday, as the U.S. has reportedly ratcheted up pressure on countries to comply with upcoming sanctions on Iranian oil. October futures on West Texas Intermediate crude rose by 40 cents, or 0.6%, to end at $68.99 a barrel and logged a 1.8% weekly gain. November Brent settled with a loss of 9 cents, or 0.1%, at $78.09 a barrel and saw a roughly 1.6% weekly gain.

U.S. President Donald Trump has instructed aides to proceed with tariffs on about $200 billion more Chinese goods, despite Treasury Secretary Steven Mnuchin’s attempts to restart trade talks with China, a source familiar with the decision said.