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The S&P 500 ended nearly flat on Friday despite coming close again to its record closing high, as data on the U.S. economy added to uncertainty over the recovery.

The Dow Jones Industrial Average rose 34.3 points, or 0.12%, to 27,931.02, the S&P 500 lost 0.58 points, or 0.02%, to 3,372.85 and the Nasdaq Composite dropped 23.20 points, or 0.21%, to 11,019.30.

For the week, the S&P 500 rose 0.6%, the Dow added 1.8% and the Nasdaq gained 0.1%.

Adding to recent uncertainty, prospects of more fiscal aid have faded with the Senate and House of Representatives in recess and no fresh talks scheduled.

The upcoming U.S. presidential election is adding caution, along with continued outbreaks of the virus in parts of the United States.

Data on Friday showed U.S. retail sales increased less than expected last month and could slow further due to spiraling COVID-19 cases and a reduction in unemployment benefit checks.

Separately, readings showed that U.S. factory output increased more than expected in July but remained below pre-pandemic levels while consumer sentiment was largely steady in the first half of August.


Reference: Reuters