Stocks rallied off their mid-morning lows on Friday on reports that Pakistan is attempting to restart peace talks between the U.S. and Iran. But worries about the impact of rising oil prices and new tariffs on inflation, as well as another round of poorly received tech earnings, had main indexes reversing course heading into the weekend.
At the close, the blue-chip Dow Jones Industrial Average was up 0.5% at 51,947 and the broader S&P 500 was 0.05% higher at 7,411. The tech-heavy Nasdaq Composite, on the other hand, was 0.6% lower at 24,975. The S&P 500 and Nasdaq notched back-to-back weekly losses, while the Dow extended its weekly losing streak to three.
