Finance

Stocks post back-to-back weekly gains

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Dow Jones Industrial Average falls 25.23 points

The Dow slid 25.23 points, or 0.1%, to 29,398.08. The S&P 500 gained 0.1% to close at 3,380.16. The Nasdaq Composite closed 0.2% higher at 9,731.18. Stocks teetered along the flatline for most of the day, but Wall Street posted a weekly gain.

Back-to-back weekly gains despite coronavirus

The major averages posted a second straight weekly gain even as the number of reported coronavirus cases jumped this week. The S&P 500 and Nasdaq rose 1.5% and 2.2%, respectively, for the week while the Dow climbed around 1%. More than 64,000 coronavirus cases have been confirmed, with deaths totaling at least 1,380. Earnings have been a bright spot for…



Source cnbc.com

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