Stocks Ended Higher with Weekly Slump
- Friday, October 12, 2018, 16:45
- Stock Market
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U.S. stocks ended higher on Friday, but leaving equity benchmarks with the steepest weekly slump since March. The Dow Jones Industrial Average advanced 287.16 points, or 1.15%, to 25,339.99. The S&P 500 picked up 38.76 points, or 1.42%, to 2,767.13. The Nasdaq Composite climbed 167.83 points, or 2.29%, to 7,496.89. For the week, the Dow fell 4.2%, the S&P fell 4.1%, and the Nasdaq slipped 3.7%.
Prices for the U.S. oil benchmark edged higher Friday as investors assessed the next leg of a volatile stock market, but signs of rising crude supplies contributed to an overall weekly loss of 4%.November West Texas Intermediate crude rose 37 cents, or 0.5%, to settle at $71.34 a barrel. It suffered a weekly loss about 4%. The global benchmark, Brent crude for December delivery added 17 cents, or 0.2%, to $80.43 a barrel. It posted a weekly decline of roughly 4.4%.
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