U.S. stocks failed to defend earlier gains

U.S. stocks failed to defend earlier gains and slid into negative territory late Friday but all three major indexes closed the week out with robust gains.

The Dow Jones Industrial Average (DJIA) slid 0.61 point to close at 12,019.42 for a weekly gain of 7%. (the best week in terms of percentage gain for the Dow since July 2009)

The S&P 500 (SPX) edged down 0.31 point to end at 1,244.28. It rose 7.4% during the week, the biggest weekly percentage rise since March 2009.

Only the tech-heavy Nasdaq Composite (COMP) rose 0.73 point to close at 2,626.93, bringing the weekly increase to 7.6%. That is the best since October.

Source : marketwatch.com

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