Stocks Ended Mostly Higher, Oil Prices Dropped

U.S. stocks ended mostly higher on Friday, as worries over the U.S.-China trade war and the outlook for the global economy ebb. The Dow Jones Industrial Average rose 41.03 points, or 0.16%, to 26,403.28. The S&P 500 added 1.88 points, or 0.06%, to 2,926.46. The Nasdaq Composite fell 10.51 points, or 0.13%, to 7,962.88. For the month, the Dow lost about 1.7%, the S&P 500 shed 1.8% and the Nasdaq fell by 2.7%.

Oil futures settled sharply lower Friday, after reports emerged that Russian Energy Minister Alexander Novak said Russia’s oil output cuts in August will be slightly smaller those agreed to under the deal between OPEC and non-OPEC producers. West Texas Intermediate crude for the October delivery fell $1.61, or 2.8%, to settle at $55.10 a barrel. The front-month WTI contract saw a 1.7% weekly rise. October Brent crude was down 65 cents, or 1.1%, to settle at $60.43 a barrel.

Stitch Fix (SFIX), the publicly traded online personal styling service, expanded its tech portfolio Friday with the purchase of digital wardrobe startup, Finery.