Stocks recover from early losses and close with a weekly gain. US oil tops $110 a barrel
Stocks on Wall Street finished with slim gains on Thursday, closing out their first winning week since the start of the Iran war. The S&P 500 rose 0.1% to 6,582.69, notching a 3.4% gain for the week, while US oil prices topped $110 a barrel.
Stocks shook off early losses to finish with gains on Wall Street. The S&P 500 rose 7.37 points to 6,582.69, with a 3.4% gain for the week. Oil prices surged after President Donald Trump's address, with US crude rising 11.3% to $111.54. The Dow Jones Industrial Average fell 61.07 points, while the Nasdaq composite rose 38.23 points. Stocks have been sliding since the war began, with indexes rising and falling sharply along with statements from Trump. Airlines and travel-related companies were among the biggest losers, while big technology stocks gained ground.
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