: Dow on pace to snap 3-week losing streak despite heightened fears over Israel-Hamas war
The Dow Jones Industrial Average was clinging to gains on Friday afternoon while remaining on track to snap three straight weeks of losses despite heightened worries over the Israel-Hamas war. The Dow DJIA was trading up 0.1% in late afternoon trading on Friday, with the blue-chip stock index buoyed in part by shares of large U.S. banks after JPMorgan Chase & Co. JPM reported stronger-than-expected earnings, according to FactSet data, at last check. The Dow was heading for a potential weekly gain of 0.8%, even as the U.S. stock market traded mostly lower amid concern the war in the Middle East risks broadening. Meanwhile, the S&P 500 SPX was down 0.5% in late afternoon trading Friday while technology-heavy Nasdaq COMP fell 1.2%, FactSet data show, at last check.
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