US stocks close mixed, but log weekly losses

The main US stock benchmarks saw mixed performance on Friday, but posted weekly losses, as optimism faded about the second Covid-19 aid package in the US.

The US manufacturing PMI rose slightly to 53.5 points in October, on par with market forecasts, from 53.2 points in September.

Doubts remain about the potential agreement on the second US package, especially before the near presidential election.

To the oil market, WTI crude November futures at Nymex fell 1.9% or 79 cents, and closed at $39.85 a barrel, with a weekly loss of 3.1%, after hitting a day high of $40.9 and a low of $39.5.

Brent December futures fell 1.6% or 69 cents, and closed at $41.77 a barrel, with a weekly loss of 2.7%, a high of $42.8 and a low of $41.5.

As for stocks, Dow Jones slipped 0.1% or 28 points, to close at 28,335, with a weekly loss of 0.9%, after it hit a day high 28,436 and a low 28,149.

Nasdaq rose 0.4% or 42 points to 11,548 points, but registered weekly loss of 1%, with a high of 11,548 and a low of 11,434.

S&P 500 rose 0.3% or 12 points, to close at 3,465, and posted 0.5% loss this week, with a high of 3,466 and a low of 3,440.