U.S. Stocks Finish Mixed; Dollar Hits Week Low: Markets Wrap
- Weekly jump in Treasury 10-year yields is most since March
- Oil gains for second week; gold’s weekly drop most since March
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U.S. stocks closed mixed after reports showed the economic recovery slowed and stimulus talks reached a stalemate. Treasury debt yields fell for the time this week.
The S&P 500 fell less than 0.1% after fluctuating near all-time highs for much of the day, with utilities and health care leading the declines and energy shares finishing higher. The Dow Jones Industrial Average edged 0.1% higher in the last moments of trading and the Nasdaq Composite ended in the red. Trading volume was about 10% below the 30-day average. The dollar weakened after the value of retail purchases increased 1.2% from the prior month and a separate report showed consumer sentiment remained weak.