U.S. stocks zigzag late Friday, but end mostly higher and book weekly gains

35884 us stocks zigzag late friday but end mostly higher and book weekly gains

U.S. stocks zigzagged Friday to end mostly higher heading into the weekend after reports of a Saudi oil refinery attack pushed elevated crude prices higher. The three major equity also booked another week of gains. The Dow Jones Industrial Average DJIA, +0.44% advanced about 153 points, or 0.4%, ending near 34,861 Friday, but was up 0.3% for the week. The S&P 500 index SPX, +0.51% advanced 0.5% for the session, while the Nasdaq Composite Index COMP, -0.16% fell 0.2%. For the week, the S&P 500 rose 1.8% and the Nasdaq gained 2%, according to FactSet. Oil prices CL00, +0.25% rebounded Friday after news reports of a missile strike on a Saudi Aramco facility, with the U.S. crude benchmark settling at $113.90 a barrel. Investors also continued to weigh the path higher for policy rates, with New York Federal Reserve President John Williams saying Friday he would support a half-point move if justified, but indicated it was premature to make a call on the size of a future rate increase.

Source: Marketwatch

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