S&P 500, Dow score best day in 2 weeks, Nasdaq erases weekly loss as Netflix, Alphabet jump

By Christine Idzelis and William Watts

S&P 500, Dow book weekly losses, snapping two-week win streaks

U.S. stocks ended sharply higher Friday, with the technology sector helping to alleviate some of the week’s losses as investors digested mixed earnings reports and worried about slowing economic growth.

How stock indexes traded

For the week, the Dow and S&P 500 booked losses, snapping two straight weeks of gains, after Thursday marked the third straight daily drop for both benchmarks. The Dow saw a weekly decline of 2.7%, while the S&P 500 fell 0.7% and the Nasdaq notched a weekly rise of 0.6%. The Nasdaq booked a third straight week of gains.

What drove markets?

Investors have been dogged this week by mixed earnings reports and data on the economy’s strength ahead of a Federal Reserve policy meeting in early February.

Some of Friday’s gains are “just a snapback” from “a…

Read more…

Request a Call Back

Contact Info