Stocks Ended The Week Firmly Higher

U.S. stocks ended higher on Friday and booked their best weekly gains in several weeks, with sentiment buoyed by encouraging headlines on U.S.-China trade negotiations and Chinese assurances of forthcoming economic stimulus. The Dow Jones Industrial Average rose 138.93 points, or 0.54%, to 25,848.87. The S&P 500 added 14.00 points, or 0.50%, to 2,822.48. The Nasdaq Composite gained 57.62 points, or 0.76%, to 7,688.53. For the week, the Dow finished up 1.6%, the S&P 500 recorded a weekly gain of 2.9%, while the Nasdaq registered a weekly climb of 3.8%,

Crude-oil futures finished lower on Friday, amid growing signs of tightening global supplies. April West Texas Intermediate crude shed 9 cents, or 0.2%, to settle at $58.52 a barrel and tallied a weekly gain of about 4.4. May Brent crude lost 7 cents, or 0.1%, to $67.16 a barrel, with the contract up 2.2% for the week.

About the Author

has written 11188 stories on this site.

Copyright © 2012 Nine Stocks