Home Stocks US stocks close steady but post gains for the week

US stocks close steady but post gains for the week

by Amwal Al Ghad English
U.S. stocks

U.S. stock benchmarks ended little changed Friday as investors looked ahead to a three-day weekend.

For the week though, equity indexes ended with strong gains as the markets largely shrugged off rising U.S.-China tensions and remained optimistic that the impact of coronavirus on corporate earnings will be relatively short-lived.

The Dow Jones Industrial Average DJIA, -0.03% fell 8.96 points, or less than 0.1%, to end at 24,465.16, weighed by shares of Caterpillar Inc. CAT, -1.39% and Chevron Corp. CVX, -1.91%. Meanwhile, the S&P 500 index SPX, +0.23% closed 6.94 points higher, or 0.2%, at 2,955.45. The Nasdaq Composite COMP, +0.42% traded 0.4% higher to finish the week at 9,324.59, a gain of 39.71 points.

Meanwhile, the Russell 2000 index RUT, +0.59%, representing smaller-capitalization companies, gained 7.97 points, or 0.6% to close at 1,355.53

For the week, the Dow climbed 3.3%, the S&P 500 advanced 3.2% and the Nasdaq Composite rose 3.4%. The Russell 2000 notched a 7.8% weekly ris

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