Dow ends higher Friday, but U.S. stocks end with weekly losses
U.S. stocks closed mostly up Friday, with the S&P 500 turning...
U.S. stocks closed mostly up Friday, with the S&P 500 turning higher in late afternoon trading, as investors weighed a report showing improved consumer sentiment and recent warnings from Federal Reserve officials that the battle to tame high inflation isn’t done.
Still, the S&P 500 and technology-laden Nasdaq Composite each saw their worst week since December, with the Nasdaq snapping a five-week win streak as traders await next week’s January inflation report.
Dow Jones Industrial Average DJIA, +0.50% rose 169.39 points, or 0.5%, to close at 33,869.27.
S&P 500 SPX, +0.22% gained 8.96 points, or 0.2%, to finish at 4,090.46.
Nasdaq Composite COMP, -0.61% fell 71.46 points, or 0.6%, to end at 11,718.12.
For the week, the Dow dipped 0.2% while the S&P 500 shed 1.1% and the Nasdaq fell 2.4%. The Dow fell for a second straight week, while the S&P 500 snapped two consecutive weeks of gains in its biggest percentage drop since the week ending Dec. 16, according to Dow Jones Market Data.
'High-altitude object' downed over Alaska within the last hour: White House
U.S. fighter aircraft took down a "high-altitude object" over Alaska within the last...
U.S. fighter aircraft took down a "high-altitude object" over Alaska within the last hour, said a White House spokesman, John Kirby, during a briefing on Friday. He said the object was flying at an altitude of 40,000 feet and posed a reasonable threat to the safety of civilian flight, so out of an abundance of caution, and at the recommendation of the Pentagon, President Joe Biden ordered the military to down the object, and it came in inside frozen U.S. territorial waters.
The Federal Energy Regulatory Commission has approved Freeport LNG's request to restart ship loading...
The Federal Energy Regulatory Commission has approved Freeport LNG's request to restart ship loading operations from one of the berths at its Texas liquefied natural gas export plant. The company will need further authorizations to restart the remaining facilities, but market sources predict exports could resume in the second half of the month.
Kind of like what Microsoft is doing with Bing right now, the Chinese military has been ...
Kind of like what Microsoft is doing with Bing right now, the Chinese military has been infusing archaic technology with new capabilities. While balloons have been around much longer than satellites, they maintain a competitive edge in several areas, and Chinese scientists have been working on improving their durability and their ability to evade tracking.
Big picture: China’s ballooning investments show the rising importance of “near space” to 21st century militaries. Near space, which lies between 12 miles and 60 miles above the Earth’s surface, is the unclaimed in-between layer of the atmosphere above the flight path of commercial airlines but below satellites.
A deep dive investigation into the minutiae of recent...
A deep dive investigation into the minutiae of recent failures at Southwest Airlines and the Federal Aviation Administration—and what regulators might do to fix it. (Watch)