US stocks nudge higher but end with their biggest weekly loss since April

  • Article by: Associated Press
  • Updated: July 11, 2014 - 3:20 PM

NEW YORK — The U.S. stock market is ending slightly higher as investors assess corporate earnings.

The Dow Jones industrial average rose 28 points, or 0.2 percent, to finish at 16,943 Friday.

The Standard & Poor's 500 index rose two points, or 0.2 percent, to 1,967. The Nasdaq composite rose 19 points, or 0.4 percent, to 4,415.

Fastenal, which makes industrial fasteners, fell 4 percent after reporting revenue that fell short of analysts' estimates.

The S&P 500 index had its biggest weekly loss since April after closing out the previous week at a record high. It ended down 0.9 percent.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.52 percent.

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