Indices kicked off the last full week of April mixed with Dow Jones Industrial Average and the NASDAQ Composite ending the session fractionally lower while the S&P 500 index added marginal gains. Trading was fairly flat despite a variety of economic news. Tuesday saw a slight decline led by Industrials. Consumer confidence ticked up in April, as the Conference Board data showed sentiment increased 1.7 points to 128.7 versus a consensus estimate of 126. In housing news, new single-family home sales climbed to 694,000 in March versus expectations of 630,000. Wednesday had mixed results as the Dow and the S&P 500 ticked up while the tech-heavy NASDAQ shed some points. The yield on 10-year U.S. Treasury bonds surpassed 3.0% for the first time in several years, but ultimately fell back to where yields began the week. Indices ticked up on Thursday with help from positive earnings in the Technology sector. Friday’s trading ended relatively flat. The advance estimate for first quarter 2018 gross domestic product showed economic growth at an annual rate of 2.3%. Crude oil hit a four-year high during the week, but by Friday, West Texas Intermediate crude settled at $68.26 a barrel.
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