Dow closes down, but posts gains for the week

4 months ago 33
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June 19 (UPI) -- U.S. blue chip stocks gave up their early gains Friday to finish the day down or even, but finished out the week in the black.

The Dow Jones Industrial Average climbed nearly 200 points after the opening bell, but by close had lost 0.8 percent.

The Dow closed with gains Monday and Tuesday before posting a 170-point drop Wednesday and a slight loss Thursday. For the week, the index rose 1 percent.

The S&P 500 was up about 15 points at opening but closed down 0.5 percent. It gained 1.8 percent for the week.

The Nasdaq Composite was the only index to close Friday in the positive, gaining a modest 3.07 points. It was up 3.7 percent for the week.

Commodities influenced early positive trading, with oil rising more than 3 percent, gas nearly 2 percent and gold 0.75 percent.

But bad news from Apple, which closed 11 stores in the South, and cruise lines, which further suspended operations through September, soured the markets.

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