Stocks climbed on Friday, but closed lower for the week, as investors weighed quarterly results from Wells Fargo and readied for a slew earnings ahead. Expectations for the second-quarter earnings season have "picked up more than I might have thought in recent weeks, and that certainly increases the risk," said Bruce McCain, chief investment strategist at key Private Bank. Shares of Wells Fargo slipped after the nation's largest mortgage lender reported quarterly revenue just above estimates. The Dow Jones Industrial Average closed unofficially 28 points higher at 16,943.81, the S&P 500 rose 2 points to 1,967.57 and the Nasdaq added 19 points.
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First published July 11 2014, 6:55 AM