


U.S. stocks drifted to a mixed finish on Friday in a quiet return to trading following the Juneteenth holiday.
The S&P 500 fell 0.2% to close out a second straight week of modest losses. The Dow Jones industrial average added 35 points, or 0.1%, and the Nasdaq composite fell 0.5%.
Treasury yields also held relatively steady in the bond market after President Donald Trump said he will decide within two weeks whether the U.S. military will get directly involved in Israel’s fighting with Iran.
The conflict has sent oil prices yo-yoing over the last week, which has in turn caused see-saw moves for the U.S. stock market.
On Wall Street, Kroger rose 9.8% after the grocer reported a better profit for the latest quarter than Wall Street had forecast.
CarMax climbed 6.6% after the auto dealer reported a stronger profit for the latest quarter than analysts expected. The company said it sold nearly 6% more used autos during the quarter than it did a year earlier.
On the losing end of Wall Street was Smith & Wesson Brands, the maker of guns. It tumbled 19.8% after reporting profit and revenue for the latest quarter that fell just shy of analysts’ expectations.
All told, the S&P 500 fell 13.03 points to 5,967.84. The Dow Jones rose 35.16 to 42,206.82, and the Nasdaq composite fell 98.86 to 19,447.41.
In the bond market, Treasury yields held relatively stable. The yield on the 10-year Treasury edged down to 4.37% from 4.38% late Wednesday. The two-year yield, which more closely tracks expectations for what the Fed will do, fell to 3.90% from 3.94%.
— Associated Press