U.S. stocks declined for a second day Friday, with the S&P 500 closing out its worst week in two years. Investors found little reason to move money into a stock market, with growing geopolitical concerns in Israel and Ukraine and concerns about U.S. corporate earnings, particularly in the energy sector.
The Dow Jones industrial average fell 69.93 points, or 0.4 per cent, to close at 16,493.37.
The Standard & Poor’s 500 index lost 5.52 points, or 0.3 per cent, at 1,925.15.
The Nasdaq composite fell 17.13 points, or 0.4 per cent, to 4,352.64.
For the week:
The Dow lost 467.20 points, or 2.8 per cent.
The S&P 500 fell 53.19 points, or 2.7 per cent.
The Nasdaq lost 96.92 points, 2.2 per cent.
For the year:
The Dow is down 83.29 points, or 0.5 per cent.
The S&P 500 index is up 76.79 points, or 4.2 per cent.
The Nasdaq is up 176.05 points, or 4.2 per cent.