The Dow Jones Industrial Average fell 59 points, or 0.2%, to 24753. The S&P 500 lost 6 points, or 0.2%, to 2721, and the Nasdaq Composite edged up 9.42 points, or 0.1%, to 7433.85. For the week, the Dow industrials rose 0.2%, while the S&P 500 added 0.3% and the Nasdaq climbed 1.1%. Trading was quiet Friday, with some traders attributing the lull to a dearth of activity ahead of the long weekend. U.S. financial markets are closed Monday in observance of the Memorial Day holiday. Shares of utilities rallied throughout the week as investors flocked to bond like stocks that tend to do well in times of market volatility. The gains helped offset steep losses in the S&P 500 energy sector, which fell Friday and posted a 4.5% weekly loss as U.S. crude oil prices tumbled. The US Gold Price Decreased 0.2% to record 1301.20 US$/oz.
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