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U.S. stocks zigzag late Friday, but end mostly higher and book weekly gains

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U.S. stocks zigzagged Friday to end mostly higher heading into the weekend after reports of a Saudi oil refinery attack pushed elevated crude prices higher. The three major equity also booked another week of gains. The Dow Jones Industrial Average advanced about 153 points, or 0.4%, ending near 34,861 Friday, but was up 0.3% for the week. The S&P 500 index advanced 0.5% for the session, while the Nasdaq Composite Index fell 0.2%. For the week, the S&P 500 rose 1.8% and the Nasdaq gained 2%, according to FactSet. Oil prices rebounded Friday after news reports of a missile strike on a Saudi Aramco facility, with the U.S. crude benchmark settling at $113.90 a barrel. Investors also continued to weigh the path higher for policy rates, with New York Federal Reserve President John Williams saying Friday he would support a half-point move if justified, but indicated it was premature to make a call on the size of a future rate increase.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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