UPDATE: S&P 500 and Nasdaq end week at records as investors weigh economic health, coronavirus
The S&P 500 and the Nasdaq on Friday closed at an all-time high, capping a week that had produced a decided uptrend as investors parsed a round of corporate results, economic data and the spread of COVID-19. All three benchmarks, however finished the week solidly higher. The S&P 500 gained 6.22 points, 0.2%, to close at 3,380.16, a record. The Nasdaq Composite Index closed 19.21 points, 0.2%, also at a record at 9,731.18. Meanwhile, the Dow Jones Industrial Average finished 25.23 points, or 0.1%, down to end at 29,398.08. On the day, investors weighed slightly sluggish retail-sales growth in January against relatively upbeat corporate earnings, even as companies like Expedia (EXPE) warned on the impact of the viral outbreak that reportedly originated in Wuhan, China last year. For the week, the Dow gained 1%, the S&P 500 was up 1.6%, and the Nasdaq gained 2.2%.
-Andrea Riquier; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
February 14, 2020 16:57 ET (21:57 GMT)
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