U.S. stocks closed mixed Friday, but managed to record weekly gains of around 1 percent. In U.S. economic news, gross domestic product (GDP) increased at a 1.9 percent annual rate, the Commerce Department said in its first estimate of fourth-quarter GDP. That was a sharp deceleration from the 3.5 percent growth pace logged in the third quarter. Durable goods orders fell 0.4 percent in December. Consumer sentiment for January hit 98.5, above an estimate of 98.1. In international economic news, U.S. President Donald Trump met with UK Prime Minister Theresa May. In a news conference following their meeting, May said that Ukraine-related sanctions on Russia should remain, while Trump said that it is too early to tell. The dollar traded about 0.2 percent higher against a basket of currencies. Light sweet crude oil for March delivery dropped 1.13 percent to $53.17 per barrel on the New York Mercantile Exchange, while gold futures added 10 cents to $1,189.90 per ounce. The Dow Jones industrial average declined 7.13, or 0.04 percent, to 20,093.78. The broader Standard & Poor's 500 index decreased 1.99, or 0.09 percent, to 2,294.69. The technology-heavy Nasdaq composite index rose 5.61, or 0.10 percent, to 5,660.78.
