U.S. Stocks Mixed as Traders Look Past GDP Report: Markets Wrap
- Nasdaq 100 adds to record high on Amazon, Alphabet strength
- Treasuries rise, oil closing in on $50 a barrel level
Hal Scott on the Rekindling of Trust in Wall Street
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U.S. stocks finished near all-time highs Friday, Treasuries gained and oil closed in on $50 a barrel even after the world’s biggest economy reported its slowest pace of expansion in three years.
Global equities fell, trimming a sixth straight monthly advance, as geopolitical concerns linger. The Nasdaq 100 Stock Index added to its record peak as Alphabet Inc. and Amazon.com Inc. rose after reporting strong earnings late Thursday. In Europe, equities pared a third monthly gain.