Finance

Stocks rise slightly as Wall Street tries to end a record-setting week on a high note

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Stocks rose on Friday, lifted by strong U.S. economic data, to end a week that saw the broader market reach a record level.

The Dow Jones Industrial Average traded 73 points higher, or 0.3%. The S&P 500 was up marginally and the Nasdaq Composite gained 0.2%. 

Apple shares rose 4% to an all-time high, building on this week’s strong gain. Chevron and Exxon Mobil dropped more than 1% each, however, as oil prices fell by more than 3%. Deere and Foot Locker were up 5.8% and 2.4%, respectively, on better-than-expected quarterly results. 

Data from IHS Markit showed U.S. manufacturing activity hit its highest level in 19 months in August, while services were at their highest level in 17 months….



Source cnbc.com

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