S&P and Nasdaq are closing higher, focusing on stimulus talks



© Reuters. S&P and Nasdaq are closing higher, focusing on stimulus talks


NEW YORK (Reuters) – The Nasdaq closed slightly higher on Friday in choppy trading, as investor eyes turned to negotiations on a stimulus package in the United States that could ease the economic damage from the coronavirus pandemic.

The Dow closed Friday’s session lower after moving in a limited range.

The industrial company fell 28.09 points, equivalent to 0.1 percent, to 28,335.57 points, and the Standard & Poor’s 500 Index closed up 11.9 points, or 0.34 percent, to 3465.39 points, and the Nasdaq Composite Index increased 42.28 points, or 0.37 percent, to 11,548.28 points.

On a weekly basis, the Dow fell 0.9 percent, the S&P 500 lost 0.5 percent, and the Nasdaq fell 1.1 percent.

(Prepared by Mahmoud Salama for the Arabic Newsletter)

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