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2nd Quarter Wraps Up With Modest Gains

Dow rises 55
By Newser Editors and Wire Services
Posted Jun 29, 2018 3:26 PM CDT
Trader Gordon Charlop, left, and John Panin work on the floor of the New York Stock Exchange, Thursday, June 28, 2018.   (AP Photo/Richard Drew)

(Newser) – US stocks surrendered most of an early rise but still finished slightly higher Friday, closing out the second quarter with small gains. The Dow Jones Industrial Average, which was up as much as 293 points, rose 55 points, or 0.2%, at 24,271, per the AP. The S&P 500 index added 2 points to 2,718, and the Nasdaq composite gained 6 points to 7,510. Athletic apparel maker Nike jumped 11.1% after it said North American sales improved, while General Motors fell 2.8% after it said it may face retaliation and have to cut jobs if the Trump administration puts tariffs on imported cars.

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