Markets Rise, but Can't Avoid Another Weekly Loss

Dow is up 95
By Newser Editors and Wire Services
Posted May 24, 2019 3:15 PM CDT
In this May 9, 2019, file photo, traders Gregory Rowe and Benjamin Tuchman work on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew, File)

(Newser) – Stocks rose broadly on Wall Street Friday, though the market ended a turbulent week of trading with its third straight weekly loss. Financial companies led the buying as the yield on the 10-year Treasury note reversed part of a steep slide a day earlier. Rising yields boost interest rates on loans, which makes lending more profitable. Technology stocks notched solid gains, reversing their sell-off a day earlier, per the AP. Health care companies also rose. The S&P 500 index rose 3.82, or 0.14%, to 2,826; the Dow Jones Industrial Average rose 95, or 0.37% to 25,585; and the Nasdaq composite rose 8.7, or 0.11%, to 7,637. (Read more stock market stories.)

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