S&P 500 Closes Little Changed on Friday, But Wall Street Notches Weekly Gains
The S&P 500 was little changed on Friday in a pause from a strong performance this week, as investors weighed the latest on the global trade and inflation fronts.
The Dow Jones Industrial Average shed 165.35 points, or 0.37%, closing at 44,546.08. The S&P 500 ticked down 0.01% to 6,114.63, and the Nasdaq Composite added 0.41% to 20,026.77.
The three major averages ended the week in the green, as sentiment improved after investors got more certainty around President Donald Trump’s tariff plans, while new inflation data wound up being more constructive than first thought. Traders also shrugged off data released Friday that reflected a 0.9% slump in retail sales for January, worse than the Dow Jones estimate for a 0.2% decline.
This week, the S&P 500 added about 1.5%, while the Dow advanced roughly 0.6%. The Nasdaq was 2.6% higher on the week.
Source : CNBC