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VOL. 42 | NO. 39 | Friday, September 28, 2018
Stocks close out big quarterly gains
NEW YORK (AP) — Stocks struggled to a mixed finish on Wall Street as the market closed out its best quarter in nearly five years.
Gains by technology and health care companies were offset by losses in other sectors Friday, including banks and materials companies.
Chipmaker did especially well. Nvidia jumped 5.1 percent and Intel climbed 3.1 percent.
Tesla plunged 13.9 percent after federal regulators sought to remove Elon Musk as CEO, accusing him of securities fraud.
European markets fell after Italy's government announced a sharp increase in spending.
The S&P 500 index was little changed at 2,913. It rose 7.2 percent in the third quarter.
The Dow Jones Industrial Average added 18 points, or 0.1 percent, to 26,458. The Nasdaq composite rose 4 points, less than 0.1 percent, to 8,046.