: U.S. stocks finish higher as S&P 500, Nasdaq snap 3-week losing streak


U.S. stocks finished higher on Friday, helping the Nasdaq Composite and S&P 500 clinch their first weekly gain after three weeks of losses. The S&P 500 SPX, +0.67% gained 29.40 points, or 0.7%, to 4,405, according to preliminary closing data from FactSet. It finished 0.8% higher on the week, snapping a three-week losing streak. The Nasdaq Composite COMP, +0.94% gained 126.67 points, or 0.9%, to 13,590.65. The Dow Jones Industrial Average DJIA, +0.73% rose by 247.48, or 0.7%, to 34,346.90, but notched a 0.5% loss on the week, for its third weekly loss in four. Federal Reserve Chairman Jerome Powell delivered a speech at the Kansas City Fed’s annual symposium in Jackson Hole that moved markets on Friday, although stocks managed to shrug off initial losses to climb higher during the session.

This article was originally published by Marketwatch.com. Read the original article here.

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