Tech Sector Pushes Stocks Higher; Oil Extends Gain: Markets Wrap
- S&P 500 index, crude futures still finished lower on the week
- Treasury yields fell, dollar strengthened during crude turmoil
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Technology and consumer shares pushed U.S. stocks higher as investors assessed the latest batch of earnings reports and efforts to reopen the American economy. Oil gained after a week of wild price swings.
The S&P 500 gained 1.4% Friday, but still finished down 1.3% in a week that brought fresh evidence of deep damage to the American economy. In an optimistic sign, President Donald Trump signed a $484 billion spending package that includes more money for small businesses, the latest bid by lawmakers to rescue an economy devastated by the coronavirus pandemic.