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Stock indexes rose on Friday to finish the week strong, with even fears of a government shutdown failing to dampen bullish investor sentiment. The Dow Jones Industrial Average advanced 54 points, or 0.2%, to 26,072. The Nasdaq Composite Index added 40 points, or 0.6%, to 7,336. The S&P 500 rose 12 points, or 0.4%, to 2,810. The Dow and Nasdaq were both up 1% for the week, and the S&P was up 0.9% over the same period. The blue-chip Dow stood slightly below its record close, but the S&P and Nasdaq rallied to hit fresh all-time highs. All three benchmark indexes clinched their third straight weekly advance. The S&P 500 marked 395 sessions without falling 5%, an unequaled stretch in the stock market’s history.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Prices for U.S. benchmark crude finished with a loss on Friday, to suffer their largest one-week decline in more than a month. Concerns about growing U.S. crude production, along with expectations for a rise in domestic output to a record annual level, pressured prices despite data earlier this week that revealed U.S. crude supplies fell for a ninth week in a row. February West Texas Intermediate crude lost 58 cents, or 0.9%, to settle at $63.37 a barrel on the New York Mercantile Exchange. It fell about 1.5% for the week. The February contract expires at Monday’s settlement.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Senate Minority Leader Charles Schumer said he “made some progress” in talks with President Donald Trump to avoid a government shutdown early Saturday, but added there were still disagreements. “The discussion will continue,” the New York Democrat told reporters after meeting Trump at the White House. Without a deal the federal government would partially shut down at midnight, for the first time since 2013.

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From:: Stock Market News

The Los Angeles Times newsroom, after a fight with parent company Tronc Inc. , voted on Friday to unionize. The final count was was 248 in favor and 44 against. The newsroom had, in this most recent effort, been pushing to unionize for nearly a year. The staffers who were part of the movement said it was fueled by years of mismanagement at the paper. The win for the newsroom comes after news that Tronc is investigating L.A. Times publisher Ross Levinsohn after NPR reported his past of sexual harassment and misconduct. Shares of Tronc have gained roughly 50% in the last 12 months, while the S&P 500 index is up 24% and the Dow Jones Industrial Average is up almost 32%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

The U.S. Supreme Court will hear arguments about President Donald Trump’s travel ban in April, it announced Friday. Trump’s ban was struck down last month by a federal appeals court in San Francisco. A final ruling is expected by late June.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

The U.S. Supreme Court will hear arguments about President Donald Trump’s travel ban in April, it announced Friday. Trump’s ban was struck down last month by a federal appeals court in San Francisco. A final ruling is expected by late June.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Gold prices settled higher Friday, cutting their loss for the week down to roughly 0.1%, with the market wary of a potential U.S. government shutdown this weekend. The weekly decline for the yellow metal, however, followed five weeks of gains in a row. February gold rose $5.90, or 0.4%, to settle at $1,333.10 an ounce.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil fell by 5 at 747 this week. The oil-rig count had climbed by 10 last week. The total active U.S. rig count, which includes oil and natural-gas rigs, also declined by 3 to 936, according to Baker Hughes. February West Texas Intermediate crude was down 61 cents, or 1%, from Thursday, to $63.34 a barrel–up from $63.29 shortly before the rig data.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News