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
Markets Rise, but Can't Avoid Another Weekly Loss
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)

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. (More stock market stories.)

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