U.S. stocks took a day to step back, with buzz mostly surrounding the prior week?s massive inflows of money into funds and exchange-traded funds. Bonds also saw heavy funds, so investors were basically getting off the sidelines as the year starts.
The dollar lost ground against the euro while gold and oil futures fell, cutting in the week?s gains.
The S&P 500 Index /quotes/zigman/3870025 SPX ended little changed at 1,472.
For the week, the broad stock index rose 0.4%.
The Dow Jones Industrial Average /quotes/zigman/627449 INDU added 17 points, or 0.1%, to 13,488.
Treasury prices rose Friday, as traders also stepped back and remembered their long-term worries about steps Washington still needs to take and found renewed confidence in the Federal Reserve?s buying.
Yields on 10-year notes /quotes/zigman/4868283/delayed 10_YEAR , which move inversely to prices, fell 4 basis points to 1.86%, coming off an eight-month high posted a week ago.
The dollar lost ground against the euro? /quotes/zigman/4867933/sampled EURUSD on hopes of a less dark outlook for the region, while continuing its stunning gains against the yen ? up 16% against Japan?s currency in the last 12 months.
The dollar index /quotes/zigman/1652083 DXY , a measure of the greenback against a basket of six major currencies, fell to 79.570 from 79.793 Thursday.
Gold futures fell Friday, but posted a gain on the week as the market looked to recent economic data from China for hints on demand for the metal. February gold? /quotes/zigman/4331913 GCG3 settled at $1,660.60, down $17.40, or 1%, for the day.
Crude for February delivery? /quotes/zigman/2291766 CLG3 fell 26 cents, or 0.3%, to settle at $93.56 a barrel. That left oil up on the week marginally from $93.0 a barrel.
? Deborah Levine
Follow The Tell blog on Twitter @thetellblog
joepa sc primary bill moyers heidi klum and seal divorce craigslist killer extremely loud and incredibly close south carolina primary
No comments:
Post a Comment