Stocks Eke Out Modest Gains on Expectations Fed Tightening is Done

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What you need to know… The S&P 500 Index ($SPX) (SPY) Friday closed up +0.13%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.01%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.03%. Stocks on Friday wavered between modest gains and losses and finally settled slightly higher. The broader market initially moved lower when bond yields rose after Friday’s U.S. economic news showed Oct housing starts and building permits unexpectedly rose, a hawkish factor for Fed policy. However, bond yields fell back from early highs and finished little changed, allowing stocks to recover. Bond …

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