Epic US Markets Update

Stocks closed slightly lower on Friday, retreating from the previous session’s record highs on a drop in financial shares, but major indices had the biggest weekly gains since the first week of the year.

Shares pared losses in the final hour of trading, with the Dow helped by a rally in Home Depot. For the week, the S&P 500 rose 2.3 percent while the Nasdaq rose 2.8 percent. It was the best weekly gain for both since the first week of the year. The Dow rose 2.1 percent.

The Dow Jones industrial average was down 0.08 points, at 14,865.06. The Standard & Poor’s 500 Index .SPX was down 4.51 points, or 0.28 percent, at 1,588.86. The Nasdaq Composite Index was down 5.21 points, or 0.16 percent, at 3,294.95.

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