It was another volatile session to close out the week on Wall Street, with the market indexes ending higher -- though it was still the worst week for U-S stocks so far in 2019. Today, the Dow Industrials rose 114 points, the S&P 500 gained 10, and the Nasdaq Composite edged up 6. For the week, the indexes all dropped between 2% and 3%.
The market’s afternoon turnaround followed Treasury Secretary Mnuchin telling CNBC the latest round of trade talks with China were “constructive.”
Not a great public debut for Uber. The ride-hailing company’s IPO was priced at $45, but it ended its first day of trading at about $41.60, a decline of 7.6%.
Also, investors turned thumbs down on Yelp today. Shares of the recommendation website slid 14% after the company late yesterday gave weak revenue guidance.
Oil futures eased. June crude slipped 4 cents to settle at $61.66 a barrel.