Stocks ended the week by recouping much of the market’s loss from a day earlier and breaking a five-day losing streak for the Dow Jones industrial average.
Traders kept a close eye on the inauguration of Donald Trump as U.S. president and on corporate earnings. Materials and phone companies led the gainers, while health care stocks fell.
ON WALL STREET: At the close Friday, the Dow Jones industrial average was up 94.9 points, about 0.5 percent, at 19,827.3. The Standard & Poor’s 500 index had gained 7.6 points, about 0.3 percent, to 2,271.3. The Nasdaq composite index added 15.3 points, about 0.3 percent, to 5,555.3.
OIL PRICES: As markets closed, benchmark U.S. crude was up $1.09 at $53.21 a barrel on the New York Mercantile Exchange. In London on the Intercontinental Exchange Europe, Brent crude, used to price international oils, was up $1.37 at $55.53 a barrel.
BONDS: As markets closed, the yield on the 10-year Treasury note was 2.467 percent down slightly from 2.47 percent late Thursday. Yields have been rising as investors expect inflation to increase.