Stock indexes end mixed after Alibaba debuts
NEW YORK (AP) — U.S. stock indexes are ending mixed on a day when the Chinese e-commerce giant Alibaba made its big debut in the market.
The Dow Jones industrial average edged up 13 points, or 0.1 percent, to close at 17,279 Friday, the third straight day the blue-chip index closed at an all-time high. The Dow is up 1.7 percent for the week.
The Standard & Poor’s 500 index fell less than one point, or 0.1 percent, to 2,010, but finished the week up 1.3 percent.
The Nasdaq ended down 13 points, or 0.3 percent, to 4,579.
Alibaba soared 38 percent on its first day of trading. The Chinese e-commerce giant rose $25.89 to close at $93.89.