Stocks Close with Big Weekly Gains

Stocks rose on Friday, adding to solid weekly gains, but their rise was kept in check amid increasing tensions between the U.S. and key trade partners as the G-7 summit kicked off.

The Dow Jones Industrials gained a solid 75.12 points to end Friday at 25,316.53, as UnitedHealth and Home Depot contributed the most to the gains.

The S&P 500 picked up 8.66 points to 2,779.03, as consumer staples rose more than 1%.

The NASDAQ added 10.44 points to 7,645.51

For the week, the major averages all rose at least 1.2%

In corporate news, Apple dropped 1% after Nikkei reported the company is warning suppliers about a sharp decline in parts orders.

Despite Friday’s decline, it was a solid week for Apple and the rest of the technology sector. The overall technology sector gained 0.7% this week, led by shares of chip maker Advanced Micro Devices and Micron, which rose more than 5.5%. Meanwhile, Apple is also up 0.7% this week.

On Friday, President Donald Trump arrived at the meeting, along with other world leaders — including those who currently govern nations that Trump has inflicted tariffs upon. One aspect that’s put investors on edge is a fresh tweet by Trump, who accused France and Canada of levying “massive tariffs” and establishing “non-monetary barriers.”

This came after French President Emmanuel Macron told reporters that while the U.S. incumbent may not mind being isolated, the other leaders could sign a six-country agreement if need be.

Prices for the benchmark for the 10-year U.S.Treasury hesitated, raising yields to 2.94% from Thursday’s 2.92%. Treasury prices and yields move in opposite directions.

Oil prices slid 32 cents at $65.63U.S. a barrel.

Gold prices lost 40 cents at $1,302.60U.S. an ounce.

This article provided by NewsEdge.