Written by Gabriel Dillard
The stock market ended a bumpy week with a late gain Friday as traders hoped that the latest flare-up in trade tensions between the U.S. and China will fade.
Stocks recovered after an early slide triggered by the U.S. raising tariffs on $200 billion worth of Chinese goods. Hours later, remarks from President Donald Trump and Treasury Secretary Steven Mnuchin gave investors reason for optimism, sending stocks higher in the final hour of trading.
The S&P 500 index rose 10.68 points, or 0.4%, to 2,881.40.
The Dow Jones Industrial Average gained 114.01 points, or 0.4%, to 25,942.37.
The Nasdaq composite added 6.35 points, or 0.1%, to 7,916.94.
The Russell 2000 index of small company stocks picked up 2.94 points, or 0.2%, to 1,572.99.
For the week:
The S&P 500 slid 64.24 points, or 2.2%.
The Dow fell 562.58 points, or 2.1%.
The Nasdaq dropped 247.06 points, or 3%.
The Russell 2000 lost 41.03 points, or 2.5%.
For the year:
The S&P 500 is up 374.55 points, or 14.9%.
The Dow is up 2,614.91 points, or 11.2%.
The Nasdaq is up 1,281.66 points, or 19.3%.
The Russell 2000 is up 224.43 points, or 16.6%.