Economics
U.S. Stocks Close Little Changed as Five-Week Rebound Sputters
- S&P 500 halts longest weekly winning streak since November
- Stronger dollar saps rally in commodity, industrial shares
TIAA's Optimistic Outlook for Stocks, U.S. Economy
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U.S. stocks closed little changed, with the Standard & Poor’s 500 Index snapping a streak of five weekly gains that had wiped out all of its 2016 losses.
The benchmark’s recovery from 22-months lows showed more signs of running out of steam as industries that helped underpin the rally -- energy, raw-materials and financial shares -- posted the steepest losses this week. Oil and gas producers advanced Thursday after erasing a 1.6 percent drop as crude oil trimmed losses.