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Stocks inch higher in quiet trading, but Disney stumbles
Published in Saudi Press Agency on 27 - 11 - 2015

Stocks finished mostly higher Friday as they wrapped up a quiet week of trading, AP reported.
The Standard & Poor's 500 index fluctuated early on, but managed to eke out a small gain as telecommunications and financial stocks rose. Disney dragged down the Dow Jones industrial average after the company said ESPN lost 3 million subscribers in the last year. Oil prices slumped, dragging down energy stocks.
The Dow fell 14.90 points, or 0.1 percent, to 17,798.49. The S&P 500 picked up 1.24 points, or less than 0.1 percent, to 2,090.11. The Nasdaq composite index added 11.38 points, or 0.2 percent, to 5,127.52.
U.S. markets were closed Thursday for the Thanksgiving holiday, and closed at 1 p.m. on Friday.
Stocks didn't have much momentum in a week of light trading. The market made its biggest weekly gain of 2015 last week, but this week the Dow fell 0.1 percent and the S&P 500 rose less than 0.1 percent.
Oil prices dropped. Benchmark U.S. crude fell $1.33, or 3.1 percent, to $41.71 a barrel in New York. Brent crude, a benchmark for international oils, gave up 60 cents, or 1.3 percent, to $44.86 a barrel in London.
The largest losers on the S&P 500 were energy stocks. Consol Energy lost 52 cents, or 6.5 percent, to $7.48 and Southwestern Energy gave up 68 cents, or 7.2 percent, to $8.74.
In other energy trading, wholesale gasoline fell 0.6 cents to $1.391 a gallon. Heating oil fell 5 cents, or 3.6 percent, to $1.352 a gallon. Natural gas inched up 0.6 cents to $2.206 per 1,000 cubic feet.
Gold fell $13.80, or 1.3 percent, to $1,056.20 an ounce. Silver declined 15 cents, or 1.1 percent, to $14.008 an ounce. Copper inched up 0.5 cents to $2.051 a pound.
U.S. government bond prices rose. The yield on the 10-year Treasury note fell to 2.22 percent from 2.24 percent late Wednesday. The euro fell to $1.0597 from $1.0617 and dollar rose to 122.84 yen from 122.72 yen.
-- SPA
22:52 LOCAL TIME 19:52 GMT
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