U.S stocks finished slightly lower but the Nasdaq touched an intraday high as investors took a cautious stance ahead of the weekend marking President Donald Trump's 100th day in office. In economic news, the U.S. economy's GDP grew at the slowest pace in three years, underscoring the challenges facing the Trump administration as it seeks to rev up economic growth. In corporate news, shares of Chevron jumped after the oil giant beat first-quarter profit expectations. In bond market news, short term bond prices declined while long term bond prices increased. The Dow Jones Industrial Average rose 393 points or about 2% for the week.
The best-performing sector was: Technology
While the worst-performing sector was: Telecom
The Dow Jones Industrial Average* was down 40.82 at 20,940.51
The Standard & Poor's 500 Index was down 4.57 at 2,384.20
The NASDAQ Composite Index was down 1.33 at 6,047.61
Volume on the New York Stock Exchange was high, with over 1.00 billion shares traded. Decliners outnumbered advancers by roughly a 5-to-2 margin.
The spot price of gold rose $3.97 to $1,268.29
The spot price of silver fell $0.03 to $17.23
And crude oil prices rose $0.20 to $49.17
The 30-year Treasury yield closed at 2.95%. And the 10-year Treasury yield finished at 2.28%.
See our Weekly Market Update.
The Dow Jones Indexes are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones Indexes © 2015 is proprietary to Dow Jones & Company, Inc.
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