Stocks End Mostly Higher To Book Best Half-year Gains In Years

By Anora Mahmudova Markets MarketWatch Pulse

U.S. stocks closed modestly higher Friday after trimming gains in the last few minutes of trading. But steep losses in technology and health-cares stocks earlier in the week resulted in poor weekly performance for the S&P 500 and Nasdaq. The S&P 500 rose 3.71 points, or 0.2%, to 2,423.41, but ended the week 0.6% lower. Over the month, the large-cap index gained 0.5% and advanced by 2.6% over the past quarter. The index is up 8.2% year to date, its best half-year performance since 2013. The Dow Jones Industrial Average advanced 62.60 points, or 0.3%, to 21,349.63, ending the week 0.2% lower. The blue-chip index gained 1.6% over the month, 3.3% over the quarter and 8% over the first half of the year. The Nasdaq Composite index reversed earlier gains to close 3.93 points, or 0.1%, lower at 6,140.42. The tech-heavy index booked a 2% weekly and 0.9% monthly loss after recent selloffs in technology stocks. Among biggest gainers this week, Nike Inc. rallied 11.6%, much of the gains coming on Friday.

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