U.S. Stocks Log Weekly Loss Despite Upbeat Friday

By MarketsFOXBusiness

FOX Business: Capitalism Lives Here

U.S. equity markets pushed higher on Friday, but the advance wasn't enough to help the Dow or S&P 500 shed weekly losses.

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The Dow Jones Industrial Average rose 6.9 points, or 0.04%, to 16853, the S&P 500 advanced 3.8 points, or 0.19%, to 1961 and the Nasdaq Composite climbed 18.9 points, or 0.43%, to 4398.

For the week, the Dow fell 0.56%, the S&P 500 dipped 0.1% and the Nasdaq 100 rose 0.68%.

The markets have meandered lower this week as traders have dealt with somewhat disappointing data and chatter about future rate hikes from the Federal Reserve.

Nike (NYSE:NKE) posted better-than-expected quarterly earnings after the bell on Thursday, sending shares of the blue-chip footwear maker rising.

Friday was off to a fairly quiet start. A gauge of consumer sentiment from Thomson Reuters and the University of Michigan rose to 82.5 in June, from a final reading of 81.9 in May, beating Wall Street’s expectations of an increase to 82.

In commodities, U.S. crude oil futures rose 4 cents, or 0.04%, to $105.88 a barrel. Wholesale New York Harbor gasoline gained 0.4% to $3.098 a gallon. Gold dipped 10 cents, or 0.01%, to $1,317 a troy ounce.

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