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VOL. 43 | NO. 4 | Friday, January 25, 2019
Stocks rise but still end the week lower
NEW YORK (AP) — Stocks are closing higher on Wall Street but still wound up with a weekly loss, ending a four-week winning streak.
Technology and industrial stocks wound up with the biggest gains on Friday. Apple climbed 3.3 percent and Boeing added 1.7 percent.
Retailers, energy companies and makers of basic materials all did better than the broader market. Those industries and stocks tend to do better when economic growth improves.
Starbucks jumped 3.6 percent after reporting strong sales.
The S&P 500 index rose 22 points, or 0.8 percent, to 2,664.
The Dow Jones Industrial Average climbed 183 points, or 0.7 percent, to 24,737. The Nasdaq added 91 points, or 1.3 percent, to 7,164.
Bond prices fell. The yield on the 10-year Treasury rose to 2.75 percent.