iStock/Thinkstock(NEW YORK) — The Dow Jones Industrial Average dragged behind the Nasdaq, which reached a new record, and the S&P 500 on Friday ahead of the holiday weekend.
The Dow slid 5.27 (-0.03 percent) to finish at 19,885.73.
The Nasdaq gained 26.63 (+0.48 percent) to close at 5,574.12, while the S&P 500 finished at 2,274, up 4.20 (+0.18 percent) from its open.
Crude oil prices, about $53 a barrel, sunk 1 percent.
Winners and Losers: Major banks in the U.S. (Bank of America, JPMorgan Chase & Co., Wells Fargo) posted profits in the fourth-quarter that beat investors’ expectations, aided by the post-presidential election of Donald Trump. Bank of America closed under 1 percent in the green, JPMorgan jumped 1 percent, and Wells Fargo added about 1.5 percent.
A staff shake-up at Walmart Stores, Inc. sent its stock down 1 percent after the retail giant promoted several executives from recently-acquired Jet.com.
Naked Brand Group Inc was one of the top earners Friday on news the fashion brand was planning to merge with swimwear and intimate apparel-maker Bendon Limited. Naked Brand skyrocketed over 63 percent.
Copyright © 2017, ABC Radio. All rights reserved.