Stocks ended mostly higher Friday, though the Dow Jones Industrial Average lost ground for a second consecutive day, in a lightly traded session as investors monitored a continued rise in COVID-19 cases and the prospect for additional fiscal stimulus in Europe and the U.S. The Dow fell around 62 points, or 0.2%, to end near 26,672, according to preliminary figures, while the S&P 500 finished around 9 points higher, up 0.3%, near 3,225. The Nasdaq Composite gained around 29 points, or 0.3%, to close near 10,503. Shares of video-streaming giant Netflix Inc. (NFLX) slumped 6.5% after the company reported strong subscriber growth and earnings that topped estimates but raised investor worries over the second-half outlook. Tech shares, which have been a pocket of strength for equities this year, saw a setback this week, with the Nasdaq Composite seeing a 1.1% weekly decline while the S&P 500 advanced 1.3% and the Dow gained 2.3%.
-William Watts; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
July 17, 2020 16:02 ET (20:02 GMT)
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