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Stocks closed higher on Wall Street but remain lower for the week after five straight losses.
The S&P 500 rose 0.8% Thursday and the tech-heavy Nasdaq added 1.1%. The Dow Jones Industrial Average rose 0.5%. U.S. crude oil prices settled lower, marking their lowest point of the year.
Activision Blizzard fell 1.5% after the Federal Trade Commission said it is suing to block Microsoft’s planned $69 billion takeover of the video game company, saying it could suppress competitors to its Xbox game consoles.
On Thursday:
The S&P 500 rose 29.59 points, or 0.8%, to 3,963.51.
The Dow Jones Industrial Average rose 183.56 points, or 0.5%, to 33,781.48.
The Nasdaq rose 123.45 points, or 1.1%, to 11,082.
The Russell 2000 index of smaller companies rose 11.39 points, or 0.6%, to 1,818.29.
For the week:
The S&P 500 is down 108.19 points, or 2.7%.
The Dow is down 648.40 points, or 1.9%.
The Nasdaq is down 379.49 points, or 3.3%.
The Russell 2000 is down 74.55 points, or 3.9%.
For the year:
The S&P 500 is down 802.67 points, or 16.8%.
The Dow is down 2,556.82 points, or 7%.
The Nasdaq is down 4,562.97 points, or 29.2%.
The Russell 2000 is down 427.02 points, or 19%.