U.S. stocks close lower but log 2nd straight weekly rise

U.S. stocks closed slightly lower Friday, but logged a second straight weekly gain as oil prices stabilized. The S&P 500 finished 3,68 points, or 0.2%, lower at 1,948.01. The Dow Jones Industrial Average closed 57.52 points, or 0.3%, lower at 16,639.83. The Nasdaq Composite closed 8.27 points, or 0.2%, higher at 4,590.47.

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

Oil settles lower, but gains for the week

Oil futures turned lower late Friday, but still finished the week higher for the second time in a row as the market continued to mull the likelihood of a slowdown in global production. West Texas Intermediate crude “ran into some resistance technically” and pulled back, said Colin Cieszynski, chief market strategist at CMC Markets. Prices also likely saw some “profit-taking ahead of the weekend just like we’ve been seeing in the Dow today.” April West Texas Intermediate crude fell 29 cents, or 0.9%, to settle at $32.78 a barrel on the New York Mercantile Exchange. It gained more than 3% for the week.

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.

…read more

From:: Stock Market News

Oil settles lower, but gains for the week

Oil futures turned lower late Friday, but still finished the week higher for the second time in a row as the market continued to mull the likelihood of a slowdown in global production. West Texas Intermediate crude “ran into some resistance technically” and pulled back, said Colin Cieszynski, chief market strategist at CMC Markets. Prices also likely saw some “profit-taking ahead of the weekend just like we’ve been seeing in the Dow today.” April West Texas Intermediate crude fell 29 cents, or 0.9%, to settle at $32.78 a barrel on the New York Mercantile Exchange. It gained more than 3% for the week.

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.

…read more

From:: Stock Market News