Stocks manage modest gains but still end lower for the week
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Stocks capped another wobbly day of trading on Wall Street with modest gains Friday, though the S&P 500 still ended with its biggest weekly loss in nearly two months. The benchmark index rose 0.4% after falling 1.3% earlier in the day as investors weighed more grim data showing how badly the coronavirus pandemic is crippling the economy. The government reported that U.S. retail sales sank a record 16.4% in April, the second steep decline in a row as store closures kept shoppers away.
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