U.S. Stocks Waver as Market Closes Out a Down Week
U.S. stocks are wavering between small gains and losses in midday trading as the market heads for its worst week since August.
Energy companies declined Friday as the price of crude oil fell further. Crude oil is trading at about $33 a barrel, the lowest price since 2004.
Marathon Oil sank 6 percent.
The Dow Jones Industrial Average was up 21 points, or 0.1 percent, at 16,536, as of 11:45 a.m.
The Standard & Poor’s 500 index slipped a point to 1,941. The Nasdaq composite was up two points at 4,692.
China’s market also rose. The benchmark index in Shanghai gained 2 percent.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.14 percent.
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