November 2, 2024

Dow ends Friday higher, but stocks posts weekly loss with election on deck

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U.S. stocks closed higher on Friday, but off the session’s high, with the S&P 500 and Dow Jones Industrial Average logging a back-to-back weekly loss ahead of the Nov. 5 presidential election.

Rising bond yields have been a concern in the run-up to the election, which remained too close to call on Friday and might take days or weeks to decide.

The Dow Jones Industrial Average gained288.76 points, or 0.7%, ending at 42,052.19 on Friday

The S&P 500 advanced 23.55 points, or 0.4%, closing at 5,728.80

The Nasdaq Composite gained 144.77 points, or 0.8%, finishing at 18,239.92

For the week, the Dow shed 0.2%, while the S&P 500 fell 1.4%, its biggest weekly drop since Sept. 6, according to Dow Jones Industrial Average. Both indexes posted back-to-back weekly declines.

The Nasdaq fell 1.5% for the week, its biggest weekly loss since Sept. 6, while snapping seven straight weeks of gains.

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