Saturday, August 13, 2016

U.S. stocks post modest weekly gains; Nasdaq hits record




The S&P 500 and Dow industrials pared most of the losses to finish slightly lower Friday, limiting the main benchmarks’ weekly gains, as weakness in shares of mining and chemical companies weighed on the indexes.
The S&P 500 index SPX, -0.08% retreated 1.74 points, or less than 0.1%, to 2,184.05, weighed by sharp declines in materials, while seven of the index’s 10 sectors closed in negative territory. The index ended the week roughly where it started.
Meanwhile the Nasdaq Composite Index COMP, +0.09% shook off earlier losses to close up 4.5 points, or 0.1%, at 5,232.89. The tech-heavy index gained 2.3% over the week.



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