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U.S. Stocks Turn In Mixed Performance But Post Strong Weekly Gains

Following the rally seen during Thursday’s session, stocks turned in a relatively lackluster performance during trading on Friday. The major averages bounced back and forth across the unchanged line before eventually ending the day mixed.

While the tech-heavy Nasdaq climbed 81.13 points or 0.4 percent to 20,026.77, the S&P 500 edged down 0.44 points or less than a tenth of a percent to 6,114.64 and the narrower Dow fell 165.35 points or 0.4 percent to 44,546.08.

Despite the mixed performance on the day, stocks posted strong gains for the week. The Nasdaq surged by 2.6 percent, the S&P 500 jumped by 1.5 percent and the Dow advanced by 0.6 percent.

The choppy trading on Wall Street came as traders expressed some uncertainty about the near-term outlook for the markets following Thursday’s rally, which saw the S&P […]

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U.S. Stocks Rally Even As Producer Prices Rise More Than Expected

Stocks moved sharply higher over the course of the trading day on Thursday, extending the significant recovery from the sell-off seen early in Wednesday’s session. The major averages all showed strong moves to the upside, with the tech-heavy Nasdaq leading the charge.

The major averages saw continued strength going into the close, ending the day near their high of the session. The Nasdaq surged 295.69 points or 1.5 percent to 19,945.64, the S&P 500 jumped 63.10 points or 1.0 percent to 6,115.07 and the Dow advanced 342.87 points or 0.8 percent at 44,711.43.

The rally on Wall Street came after the Labor Department released its report on producer price inflation in the month of January.

While the headline number rose by more than expected, components of the Federal […]