Stocks ended a choppy week mixed. The S&P and the NASDAQ suffered their first weekly losses this month amid rising interest rates and expectations of growing inflation. For the week, the Dow rose 0.16 percent to close at 31,494.32. The S&P dropped 0.68 percent to finish at 3,906.71, and the NASDAQ fell 1.54 percent to end the week at 13,874.46.
Stocks rose Friday amid optimism around earnings, stimulus talks, and the vaccines rollout. The three major indices posted their best weekly gains since November; the S&P 500 and Nasdaq ended at record closing highs. For the week, the Dow rose 3.90 percent to close at 31,148.24. The S&P gained 4.67 percent to finish at 3,886.83, and the NASDAQ climbed 6.04 percent to end at 13,856.30.
U.S. stocks suffered steep losses Friday to close a roller coaster week on Wall Street. Volatility caused by retail investors’ heightened speculative trading and new trial results for Johnson & Johnson’s COVID vaccine concerned investors. As a result, the Dow and the S&P entered negative territory for the year. For the week, the Dow fell 3.27 percent to close at 29,982.62. The S&P lost 3.29 percent to finish at 3,714.24, and the NASDAQ dropped 3.48 percent to end the week at 13,070.69.