Stocks mildly up; second weekly gain for Nasdaq
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The Future is Binary – U.S. stocks turned higher on Friday, cutting weekly losses for the Dow industrials, with Nike leading blue-chip gains after reporting quarterly earnings that beat estimates.
Equities shifted into positive terrain in the final 30 minutes of trade after spending most of the session under water.
“The end of the quarter is on Monday, and that’s often a time for people to book profits. And, people tend to get nervous towards the weekend, as there are still some geopolitical issues out there with Iraq and Ukraine,” said Randy Frederick, managing director of active trading and derivatives at Charles Schwab.