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Dow Closes Slightly Lower

S&P 500, Nasdaq end the day modestly higher
By Newser Editors and Wire Services
Posted Jul 29, 2016 3:18 PM CDT
Dow Closes Slightly Lower
Traders Michael Smyth, left, and Eugene Mauro, right, work on the floor of the New York Stock Exchange, Wednesday, July 27, 2016.   (AP Photo/Richard Drew)

(Newser) – Stocks are ending mostly higher as the energy sector recovered along with the price of oil and tech giants Alphabet and Amazon turned in solid results, the AP reports. Oil and gas companies turned higher Friday as the price of crude oil managed to post some gains after a monthlong plunge. Schlumberger gained 2% and Chevron rose 1%. Google parent Alphabet rose 3% and Amazon rose 1% after both companies reported earnings that were better than analysts were expecting. The Dow Jones industrial average lost 24 points, or 0.1%, 18,432. The Standard & Poor's 500 index rose 3 points, or 0.2%, to 2,173, but ended the week down after four straight weekly gains. The Nasdaq composite rose 7 points, or 0.1%, to 5,162. (Read more Dow Jones stories.)

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