Updated from 4:10 p.m. EST
Wall Street was stuck in neutral for most of Friday's session, but at the end of trading tech shares had risen modestly and blue chips edged higher. The Dow Jones Industrial Average added 5.13 points, or 0.04%, to 12,108.43, overcoming pressure from Disney (DIS Quote). The S&P 500 ended up 2.57 points, or 0.19%, at 1380.90, and the Nasdaq Composite rose 13.71 points, or 0.58%, to 2389.72. "The current rally has lost a great deal of momentum and appears headed for a correction, but that correction may be quite shallow," said Ken Tower, chief market strategist with CyberTrader. "Someone with a longer-term focus is unlikely to encounter enough downside to make profitable trades." The positive finish punctuates a winning week that saw control of both the House of Representatives and the Senate change hands to the Democrats following Tuesday's midterm elections. The Dow ended up 1% for the five sessions. The S&P 500 rose 1.2%, and the Nasdaq was higher by 2.5%. About 2.26 billion shares changed hands on the New York Stock Exchange. Advancers beat decliners by a 2-to-1 margin. Volume on the Nasdaq was roughly 1.70 billion shares, with winners outpacing losers 3 to 2. By sector, transportation stocks were the best performers thanks to a decline in oil. The Dow Jones Transportation Average rose 1.2%, and the Nasdaq Transportation Index was higher by 1.7%. Commodity stocks were hit hardest, as the Philadelphia Gold & Silver Index was lower by 2.5%.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,270.47 | 1,093.48 | 2,167.88 | 34.29 |
Oil *
75.55
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UP
73.00
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UP
6.24
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UP
18.86
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DOWN
0.17
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10 Yr
3.43%
SPDR Gold
109.74
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+0.72%
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+0.57%
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+0.88%
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-0.49%
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