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Post by bot on Feb 16, 2018 20:49:53 GMT -5
Dow, S&P 500 book slight gains, mark 6th straight advance
The Dow industrials and S&P 500 on Friday logged their sixth straight advance on Friday, but the Nasdaq lagged its peers, as political drama sparked turbulent trade late in the session. Still, the benchmarks produced their best weekly rise in years, as the stock market attempts to claw back from last week's 10% pullback. The Dow Jones Industrial Average closd up about 19 points, or 0.1%, at 25,212, while the S&P 500 index ended up about a point, or less than 0.1%, at 2,732. The Nasdaq Composite Index , meanwhile, closed down roughly 17 points, or 0.2%, at 7,239. Stocks took an afternoon hit after Deputy Attorney General Rod Rosenstein said Friday's indictment by the Justice Department of Russian individuals and other entities included no allegation that any American knowingly colluded with Russia in trying to influence the 2016 presidential election. However, Rosenstein said there's no charge that any American participated. For the week, the Dow and S&P 500 returned 4.3%, while the Nasdaq put in a weekly advance of 5.3%, marking its best weekly rise since 2011.
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