Home Stocks Stocks on the brink of snapping 5-day rally with slight opening losses, but set for weekly gains – MarketWatch

Stocks on the brink of snapping 5-day rally with slight opening losses, but set for weekly gains – MarketWatch

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Stock benchmarks on Friday opened slightly lower, but the main indexes were on track to book a solid weekly gains after five straight days helped to drive the Dow and the S&P 500 out of correction territory. The Dow Jones Industrial Average

DJIA, -0.02%

fell 120 points, or 0.5%, at 23,891, the S&P 500 index

SPX, -0.01%

fell 0.5% to 2,585, while the Nasdaq Composite Index

COMP, -0.21%

receded by 0.5% to reach 6,950. All three indexes have gained for five sessions in succession, with those returns producing the longest win streaks since autumn. Earlier Friday, a reading of December inflation, the consumer-price index slipped 0.1%, to mark the first decline in nine months, the Labor Department said on Friday. That matched the forecast of economists polled by MarketWatch. For the week, the Dow is set to gain 2.1%, the Dow is on track to climb 1.9% for the week, while the Nasdaq is set for a 3.1% advance, on the back of optimism around trade talks between China and the U.S. and comments from Federal Reserve members, including Chairman Jerome Powell, that are seen as dovish, or supportive of markets heading higher.

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