Nasdaq ends higher in record weekly reversal
U.S. stocks closed narrowly mixed on Friday, winding down several turbulent trading days with gains for the week, helped by a sharp rebound in crude oil and good economic data. ( Tweet This )
"Sort of an anticlimactic end to a dramatic week. It tells me the internal state of the market is such that we are looking to see similar trading days because what (triggered it) hasn't changed," said Scott Clemons, chief investment strategist at Brown Brothers Harriman. He expects U.S. corporate earnings to be the primary factor for markets in the longer term.
The Nasdaq Composite ended up 2.6 percent for the week, recovering more than a 8.79 percent plunge, in its biggest intra-week reversal on record. The index is the only major average positive for the year so far.