U.S. Stocks Finish Down for the Week

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U.S. stocks finished down for the week, notwithstanding late surges after Fed officials downplayed the risks of recession and more encouraging talk of oil production limits. Asian markets also declined but Europe stocks rose thanks to strong gains on Friday. Oil and gold prices both rose. The yield on the ten-year U.S. Treasury closed at 1.72%, down from 1.78% the prior week.

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