TECH STOCKS: Markets Climb Despite Terror FearsTECH STOCKS: Markets Climb Despite Terror Fears
The markets ended on a positive note despite concerns about recent terror attacks in the Mideast.
Wall Street ended a difficult week on a positive note Friday, but trading was muted by concerns about terrorism, and stocks suffered their second straight weekly loss.
"We're seeing a continuing cloud over the market around the increased terrorism worldwide," Brian Bush, director of equity research at Stephens Inc., told The Associated Press. "So despite the fact ... that the economy continues to recover and grow, it seems that psychologically the market right now is looking for reasons not to go up."
The information 100 rose 2.57 points, or 0.9%, to 296.18, while the Nasdaq-100 tracking stock rose 35 cents to $34.23.
The Dow Jones industrial average closed up 9.11 points, or 0.1%, at 9,628.53 after falling 71 points in the previous session. The broader market also finished higher. The Nasdaq composite index rose 11.96 points, or 0.6%, to close at 1,893.88. The Standard & Poor's 500 index rose 1.63 points, or 0.2%, at 1,035.28. For the week, the information 100 fell 3.9%, the Dow fell 1.4%, the Nasdaq fell 1.9%, and the S&P declined 1.4%.
Terrorism fears weighed on the market after four bombings in Turkey since last Saturday, including attacks on London-based HSBC bank and the British consulate on Thursday.
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