Stocks Ended Mixed, Oil Futures Settled Lower
-- Friday, May 22, 2020, 16:29 --
Stocks ended little changed on Friday, as ongoing signs of the economic damage from the coronavirus pandemic compounded with fears of rising U.S.-China tensions. The Dow Jones Industrial Average fell 8.96 points, or 0.04%, to 24,465.16. The S&P 500 rose 6.94 points, or 0.24%, to 2,955.45. The Nasdaq Composite added 39.71 points, or 0.43%, to 9,324.59. For the week, the Dow rose 3.3%, the S&P 500 gained 3.2%, while the Nasdaq advanced 3.4%.
Oil futures settled lower Friday over worries about China growth and fresh friction between Washington and Beijing. July West Texas Intermediate oil fell 67 cents, or 2%, to settle at $33.25 a barrel. Brent crude for July delivery lost 93 cents, or 2.6%, to $35.13 a barrel. For the week, WTI crude finished 12.6% higher and Brent tacked on 8.1%.