Stock market live Friday: Stocks close little changed, utilities record, Tesla swings

This is a live blog. Check back for updates.

Stocks finished Friday’s session little changed, but did post weekly gains across the board. The Dow Jones Industrial Average fell 25.57 points, or 0.09%, while the S&P 500 and Nasdaq gained 0.18% and 0.2%, respectively. For the week the Dow rose 1%, the S&P gained 1.58% and the NASDAQ rose 2.2%. -Stevens

In addition to the stocks noted below (see 1:56 pm), several other stocks rose to new intraday highs, including:

  • T-Mobile
  • Mondelez

The major averages pared some of their losses after CNBC’s Kayla Tausche reported that as part of a forthcoming package of proposed tax cuts, the White House is considering ways to incentivize U.S. households to invest in the stock market. The report is according to four senior administration officials familiar with the discussions. The proposal, one of many new tax cuts under consideration, would see a portion of household income treated as tax-free for the purposes of investing outside a traditional 401(k). – Tausche, Stevens

More than 1,400 stocks listed at the New York Stock Exchange were trading lower on Friday, outpacing the number of rising NYSE stocks by just over 100. The major stock averages were down slightly on Friday, but are still headed for solid weekly gains. —Imbert


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