The Standard & Poor’s 500 ended the day just a fraction of a point higher after a burst of selling erased a 0.9% gain. Despite a three-day stretch of losses, the benchmark index still managed to finish higher for the week, its third straight weekly gain.
The S&P 500 rose 0.47 points to 3,483.81. The Dow gained 112.11 points, or 0.4%, to 28,606.31. At one point, it had been up by 348 points. The Nasdaq fell 42.32 points, or 0.4%, to 11,671.56. The Russell 2000 index of small-cap stocks dropped 5.08 points, or 0.3%, to 1,633.81. Friday’s retail sales report provides some encouragement, suggesting Americans’ appetite for spending remained solid last month. The Commerce Department said retail sales rose 1.9% in September, the fifth straight monthly increase. The report initially juiced shares in retailers and other companies that rely on consumer spending, but most of those gains evaporated by the end of the day.
Gains. From today. Now do an article on the results of the previous week, month, and 6 months.
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