U.S. Stocks End Turbulent Week With Modest Gains

By Anora MahmudovaMarketWatch Pulse

U.S. stocks ended the most tumultuous week in memory with modest gains after closing virtually unchanged on Friday. The main indexes spent most of Friday's session diving in and out of negative territory, as investors seemed undecided on how to interpret comments from Federal Reserve officials. Fed Vice Chairman Stanley Fischer indicated the central bank is keen on raising rates this year, but provided little clarity on whether it will be in September. The Dow Jones Industrial Average which suffered a 1,000 point loss in a matter of minutes on Monday, traded in a relatively tight range on Friday, closing off 11.83 points, or 0.1% at 16,642.94. The blue-chip index gained 1.1% over the week. The S&P 500 closed a point higher at 1,988.85 and recorded a 0.9% weekly gain. The Nasdaq Composite ended the day up 15.62 points, or 0.3% at 4,828.32 and rose 2.6% over the week.

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