Home Breaking News Stocks finish lower, but notch largest weekly gain in 2 months

Stocks finish lower, but notch largest weekly gain in 2 months

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U.S. stocks finished lower on Friday, but still managed to notch their first weekly gain in three weeks and largest in two months, as President Donald Trump said he’d soon release his long-anticipated tax-reform plan. Stocks moved off their session lows after Trump’s announcement, with the S&P 500 index












SPX, -0.30%










shedding 7.13 points, or 0.3%, to 2,348.70, while the Dow Jones Industrial Average












DJIA, -0.15%










fell 30.95 points, or 0.2%, to 20,547.76. The Nasdaq Composite Index












COMP, -0.11%










was off 6.26 points, or 0.1%, to 5,910.52. Strong corporate earnings helped support stocks, offsetting anxieties surrounding Sunday’s first-round vote in the French presidential election. Schlumberger Ltd.












SLB, -2.18%










shares skidded after the oilfield-services company’s quarterly revenue missed Wall Street expectations. Shares of Mattel Inc.












MAT, -13.57%










also slumped after the company’s earnings disappointed. In other markets, oil prices












CLM7, -2.29%










fell 2.4%, capping off a weekly drop of roughly 7%.



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