U.S. stocks capped off their worst week in a month with more losses on Friday, marking the third straight daily loss for the Dow and the fourth for the S&P 500, as the recent rise in Treasury yields and concerns about potential escalation in the Middle East continued to weigh on global stocks. For the Dow, it was the fourth weekly loss in five, while the S&P 500 fell for a fourth straight week, matching a four-week losing streak from September. The S&P 500 SPX fell 53.84 points, or 1.3%, to finish at 4,224.16 on Friday, according to preliminary closing data from FactSet, as the index closed below its 200-day moving average for the first time since March 17, Dow Jones data showed. The Dow DJIA fell 286.89 points, or 0.9%, to 33,127.28, while the Nasdaq Composite COMP finished 202.37 points, or 1.5%, lower at 12,983.81.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
0
0
