iStock/Thinkstock(NEW YORK) — U.S. stocks closed higher on Inauguration Day, but the Dow and the S&P posted weekly declines.
The Dow jumped 94.85 (+0.48 percent) to finish at 19,827.25.
The Nasdaq gained 15.25 (+0.28 percent) to close at 5,555.33, while the S&P 500 finished at 2,271.31, up 7.62 (+0.34 percent) from its open.
Crude oil prices were at $53 a barrel, up 2 percent.
Winners and Losers: Shares in Rite-Aid Corp tumbled 16 percent after a report from Bloomberg said the Federal Trade Commission was not satisfied with the proposed offer to merge with Walgreens, and the deadline for the deal is just a week away.
Skyworks Solutions Inc.’s quarterly report beat investors’ expectations and shares surged 13 percent. The semiconductor company is Apple Inc.’s chip supplier.
Fourth-quarter revenue of General Electric fell short of analysts’ estimates, causing the stock to plummet 2 percent.
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