S&P500 closes slightly higher after volatile week | market talk


The S&P500 closed slightly higher Friday, August 24 after a volatile week, as gains in growth stocks such as Facebook offset Nike’s decline after the sportswear company announced a negative sales outlook.

Nike shares weighed the most on gains in the Dow Jones and S&P 500 indexes, after it also warned of delays during the holiday shopping season, blaming a supply chain crisis.

Shares of footwear retailer Foot Locker also fell sharply.

Facebook and Tesla were the biggest supporters of the S&P500 index of companies, but the energy sector led the gains among sectors.

The Dow Jones Industrial Average rose 34.36 points, or 0.1%, to 34,799.18 points, the S & P500 index closed up 6.58 points, or 0.15%, to 4,455.56 points, and the Nasdaq Composite Index decreased 3.94 points, or 0.03%, to 15048.31 points.


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