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Stocks finished higher Friday. The Dow climbed 110 points to 25669, while the S&P 500 added 9 points to 2850. The Nasdaq Composite gained 9 points to 7816.
The major averages advanced as investors digested the latest corporate earnings releases and focused on geopolitical updates. Trade tensions showed signs of easing as President Trump and Chinese leader Xi Jinping are reportedly considering meeting in November. On the data front, the Conference Board’s Index of Leading Economic Indicators rose 0.6% in July. A separate update revealed consumer sentiment is easing in the month of August.
All 11 S&P 500 sectors closed in positive territory with Consumer Staples pacing gains, up 3.2% on the week.
Industrials also outperformed on trade optimism with Caterpillar climbing 2.3% to $139.34 and Deere & Co. rising 2.4% to $140.59. Technology shares underperformed on a relative basis. NVIDIA declined 4.9% to $244.82, while Applied Materials dropped 7.7% to $43.77 after both chipmakers revealed disappointing demand forecasts after the closing bell on Thursday.
Breadth was positive on issues by roughly 11:4 on the NYSE and 7:6 on the Nasdaq. Composite NYSE volume was more than 4.2 billion shares.
Treasuries were essentially unchanged with the yield on the 10-year note edging down one basis point to 2.86%. In commodities, WTI crude gained 0.6% to $65.86/barrel, though still notched its seventh-straight weekly decline. COMEX gold was flat at $1176.50/ounce amid a weaker dollar.
For the week, the Dow added 1.4%, while the S&P 500 gained 0.6%. The Nasdaq Composite slipped 0.3%.