Stocks Ended Lower, Oil Prices Settled Higher
-- Friday, November 20, 2020, 16:32 --
U.S. stocks end lower on Friday, as investors weigh vaccine hopes against concerns over more restrictions. The Dow Jones Industrial Average dropped 219.75 points, or 0.75%, to 29,263.48. The S&P 500 lost 24.33 points, or 0.68%, to 3,557.54. The Nasdaq Composite slipped 49.74 points, or 0.42%, to 11,854.97. For the week, the Dow and the S&P 500 ended down 0.7%, and the Nasdaq finished the week up 0.4%.
U.S. crude oil prices settle at highest level in more than two months. West Texas Intermediate crude for December delivery traded at $41.88 a barrel, up 14 cents, or 0.3%. Based on the front month, prices were poised for a 4.4% weekly gain. January Brent crude added 36 cents, or 0.8%, at $44.56 a barrel, with the front-month contract trading 4.2% higher for the week.