Stocks Close Higher, but Indexes Still End Week in the Red

Stocks Close Higher, but Indexes Still End Week in the Red
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on Oct. 20, 2021. Brendan McDermid/Reuters
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Stocks closed higher on Wall Street on Friday, but the market still ended the week lower as inflation worries weighed on investors’ moods earlier in the week.

The S&P 500 index added 33.58 points, or 0.7 percent, to end at 4,682.85. While it closed higher, the benchmark index still ended the week down 0.3 percent. It was the first weekly loss for the S&P 500 in six weeks.