US Stock Market Closes Mixed After Strong Week

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US Stock Market Closes Mixed After Strong Week
Photo: Seth Wenig/AP-TT

Leading indexes on the American stock exchange went in different directions on Friday, but calculated over the entire past week, all three closed upwards.

Among Friday's winners were some of the major energy companies as the crude oil price recovered somewhat after the dip earlier in the week. Exxon Mobil, for example, rose 1.8 percent.

In the other direction, semiconductor manufacturer Applied Materials went. The company announced that its sales during the year's last quarter will decrease by approximately 110 million dollars, equivalent to 1 billion kronor, due to new export restrictions that affect business with customers in China. The stock fell 2.7 percent.

The broad S&P 500 index closed unchanged and the Dow Jones industrial index rose 0.5 percent, while Nasdaq's technology-heavy composite index lost 0.3 percent.

Over the past five days, both the S&P 500 and the Dow Jones rose 1.1 percent. Nasdaq rose 1.3 percent.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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