The Dow industrials rose 119.19 points, or 0.5%, to 24581 Friday but slid 509.59 points, or 2%, for the week. The S&P 500 added 5 points, or 0.2% to 2755 and fell 24.78 points, or 0.9% for the week, while the Nasdaq Composite edged down 20.13 points, or 0.3%, to 7692.82 and lost 53.56 points, or 0.7%, for the week. Stocks got a boost Friday from energy shares, although they weren't enough to offset broad declines throughout the week from other sectors. Dow component Chevron rose $2.51, or 2%, to $125.10 and Exxon Mobil added $1.69, or 2.1%, to $81.38 after members of the Organization of the Petroleum Exporting Countries agreed to a deal to join other big producers in boosting oil production by about 600,000 barrels a day. The move came as a relief to investors who had been expecting the cartel to decide to boost output even further, sending U.S. crude for August delivery up 4.6% to $68.58 a barrel — its biggest one-day percentage gain since 2016. Industrial shares in the S&P 500 rose Friday but posted weekly declines, with Caterpillar down $10.08, or 6.7%, to $139.94 for the week and Boeing losing $18.97, 5.3%, to $338.91 over five sessions. The US gold price gained 0.2% to 1268.90 US$/oz.
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