Dow And S&P Climb While Nasdaq Falls

Published 12/09/2012, 02:04 AM
Updated 05/14/2017, 06:45 AM

The U.S. stock market closed mixed again on Friday, as declines in shares of Apple (AAPL) continue to weigh on the Nasdaq. The major market story continues to be the fiscal cliff, but stocks got a boost from a better-than-expected jobs report which showed that employment climbed by 146,000 in November.

The Dow Jones Industrial Average rose 81 points to close at 13,155. The widely watched blue-chip index traded in a range between 13,073 and 13,157.

The SPDR S&P 500 ETF (SPY) climbed 0.31 percent to close at $142.41. Volume was lighter than normal with around 104.2 million SPY shares trading hands compared to a three month daily average of 133.3 million.

The PowerShares QQQ Trust ETF (QQQ), which tracks the performance of the Nasdaq 100, fell 0.60 percent and closed at $64.93. The move lower was largely attributable to another sell-off in Apple (AAPL), which lost 2.56 percent on the day and 9 percent on the week.

Crude oil closed the last day of the week mixed. NYMEX crude futures, the U.S. benchmark, fell 0.28 percent to $86.02 while Brent crude contracts added 0.20 percent to $107.24. In ETF trading, the United States Oil Fund ETF (USO) fell 0.44 percent to $31.53.

Precious metals closed near the flatline on the day. COMEX gold futures added 0.21 percent to $1,705.30 while silver futures were unchanged at $33.12. The heavily traded SPDR Gold Trust ETF (GLD) rose 0.38 percent to $165.13.

Long-term Treasuries fell on the session. The iShares Barclays 20+ Year Treasury Bond ETF (TLT) lost 0.92 percent to $124.43. The yield on the 10-Year Note added 4 basis points to 1.63 percent.

The U.S. dollar rose on the day. The PowerShares DB US Dollar Index Bullish ETF (UUP), which tracks the performance of the greenback versus a basket of foreign currencies, gained 0.18 percent to $21.99. The closely watched EUR/USD pair was last trading at $1.2926.

By Scott Rubin

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