Stocks Ended Mixed Friday and Post Losses for the Week

U.S. stocks closed mostly higher on Friday, but posted losses for the week, as Nvidia and other chip names dented sentiment in the technology sector. The Dow Jones Industrial Average climbed 123.95 points, or 0.49%, to 25,413.22. The S&P 500 rose 6.07 points, or 0.22%, to 2,736.27. The Nasdaq Composite shed 11.16 points, or 0.15%, to 7,247.87. For the week, the Dow fell 2.2%, the S&P 500 dropped 1.6%, while the Nasdaq declined 2.2%.

U.S. oil crude future settled flat on Friday as global crude gained, but both benchmarks suffered sizable losses for a sixth week in a row. December West Texas Intermediate crude settled unchanged at $56.46 a barrel, down from a high near $58 and fell 6.2% for the week. January Brent closed at $65.47 a barrel and saw a roughly 4.9% retreat from where it finished last Friday.

Pfizer Inc said on Friday that it plans to hike U.S. prices on 41 of its medicines in January. The company said in a statement that the increases would be on around 10 percent of its drugs.