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Markets Mixed, but Dow Keeps Streak Alive

Index up for the 8th straight day, rising 37 points
By Newser Editors and Wire Services
Posted Sep 13, 2019 3:06 PM CDT
Trader Michael Urkonis works on the floor of the New York Stock Exchange, Friday, Sept. 13, 2019.   (AP Photo/Richard Drew)

(Newser) – Stocks closed mostly lower Friday as a decline in technology stocks offsets a strong performance by Wall Street banks, per the AP. Apple dropped 1.9% and Broadcom fell 3.4% after the chipmaker warned that demand remains weak. JPMorgan rose 2% and Citigroup gained 1.6%. Banks were bolstered by the action in the bond market, where the yield on the 10-year Treasury jumped to 1.90% from 1.79% a day earlier. The S&P 500 fell 2 points, or 0.1%, to 3,007, but finished with a weekly gain of 1%. The Nasdaq, which has a heavy weighting of tech stocks, slipped 17 points, or 0.2%, to 8,176. The Dow Jones industrials posted its eighth straight gain, rising 37 points, or 0.1%, to 27,219.

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