The U.S. stock market pared most of its gains
Friday after an early morning rally following generally positive
consumer spending data petered out by mid-afternoon.
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The Nasdaq Composite saw the worst week in 17 months, after a week-long selloff in biotechs dragged the index down.
The S&P 500
SPX
+0.46%
ended the day 8.58 points, or 0.5%, higher at 1,857.62, and recorded a
0.5% loss for the week. With only one trading session left this month,
the benchmark index is set to finish March roughly where it started.
The Dow Jones Industrial Average
DJIA
+0.36%
closed up 58.83 points at 16,323.06 and is 0.1% higher on the week.
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