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The S&P 500 fell on Friday and headed for a losing week, even after the index rebounded following Wednesday’s first Federal Reserve interest rate hike in three years.
The Dow Jones Industrials jumped 316.14 points to 51,778.04
The much-broader index skidded 9.99 points to 7,627.77.
The NASDAQ Composite deleted 4.23 points to 26,414.07.
With Friday’s moves, the major stock averages are on pace for a mixed week. The Dow is down by 2% this week, on track for a third straight losing week. The S&P 500 was also lower week-to-date by 0.5%. Only the tech-heavy NASDAQ is set to post weekly gains, up 0.3%.
Prices for the 10-year Treasury stumbled, raising yields to 5.01% from Thursday’s 4.93%. Treasury prices and yields move in opposite directions.
Oil prices gained 33 cents to $102.24 U.S. a barrel.
Gold prices gained 60 cents to $4,399.10 U.S. an ounce.
