Ad Stocks Inch Upward

U.S. stocks on the Dow Jones Industrial Average posted modest losses Friday as indexes paused at highs for the year midweek. Steve Goldman, chief market strategist at Weeden & Co., said stocks are going through a “short-term, orderly consolidation” that typically follows a run-up, but he thinks the big gains this week were justified and, despite the dip on Friday, will continue over the coming weeks. Ad holding-company investors, on the other hand, witnessed modest gains by the end of the week. On the Big Board, Omnicom Group’s shares increased 1.1 percent to close the week at $79.20. Interpublic Group’s stock price rose 1.3 percent to $15.02. WPP Group, trading as American Depository Receipts on the Nasdaq, climbed 4.5 percent to finish at $45.88.