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Late Surge Helps Markets Avoid a Rough Day

Dow ends up falling 63
By Newser Editors and Wire Services
Posted Feb 8, 2019 3:05 PM CST
Trader Gregory Rowe works on the floor of the New York Stock Exchange, Friday, Feb. 8, 2019.   (AP Photo/Richard Drew)

(Newser) – A late-day recovery erased much of the early losses on Wall Street, leaving major indexes mixed at the close. The burst of buying Friday brought the S&P 500 barely higher for the week, marking its second weekly gain in a row. The S&P 500 edged up 1 point to 2,707, the Dow Jones Industrial Average fell 63 points to 25,106, and the Nasdaq edged up 9 points to 7,298, per the AP. The market is coming off a steep drop in December, followed by the best January in three decades. With less than a month to go before a cease-fire expires in the tariff fight between the US and China, traders have been watching closely for any signs of progress. So far, there's no deal on the horizon. (Read more stock market stories.)

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