Stocks ended higher Friday despite the day's reputation for the scary
and spooky as diplomatic efforts continued to contain the crisis in
The Dow Jones industrial average closed up 75 points, 0.5%,
to 15,376. The Standard & Poor's 500 index finished up 5 points,
0.3%, to 1,688. And the tech-laden Nasdaq composite index gained 6
points, 0.2%, to close at 3,722.
Major market indexes have been closing in the green for over a week. Friday gains would extend the winning streak.
that a U.S. military strike against Syria can be avoided sent oil
prices lower and persuaded some investors to leave the safe haven of
government bonds and gold.
The yield on the bellwether 10-year
Treasury ended at 2.89%, down from 2.9% Thursday. The price of crude oil
fell 6 cents to end the week at $108.53 in futures contract trading on
the New York Mercantile Exchange. The price of gold fell for the second
straight day, down $7, 0.5%, to end at $1,324 per ounce in futures
The White House denied a report in the Japanese newspaper Nikkei,
which said that President Obama is set to name former Treasury
Secretary Lawrence Summers as the next chairman of the Federal Reserve.
The Nikkei cited unnamed sources for its report.
markets, the Nikkei 225 index in Toky ended up 17.40 points, 0.1%, to
14,404.67. Hong Kong's Hang Seng index fell 38.44 points, 0.2%, to
22,915.28, and Singapore's Straits Times index closed down less than a
point to 3,120.30.
In Europe, London's FTSE 100 index closed down
8.47 points, 0.1% to 6,580.51. Frankfurt's DAX 30 index finished up
15.42 points, 0.2%, to 8,509.42, and the CAC 40 index in Paris ended up
7.87 points, 0.2%, to 4,114.50.