Stocks closed lower following mixed reports about the U.S. job market and profits at two of Wall Street’s most influential stocks.
The S&P 500 fell 0.5% Friday, its fourth straight loss. The Dow Jones Industrial Average lost 150 points, or 0.4%, and the Nasdaq composite fell 0.4%. Treasury yields sank after the government said hiring was a touch weaker last month than expected. That could help keep pressure off high inflation.
Amazon jumped after reporting a much bigger profit than expected. Apple slumped after reporting revenue that just barely topped forecasts.
On Friday:
The S&P 500 fell 23.86 points, or 0.5%, to 4,478.03
The Dow Jones Industrial Average fell 150.27 points, or 0.4%, to 35,065.62.
The Nasdaq composite fell 50.48 points, or 0.4%, to 13,909.24.
The Russell 2000 index of smaller companies fell 3.94 points, or 0.2%, to 1,957.64.
For the week:
The S&P 500 is down 104.20 points, or 2.3%.
The Dow is down 393.67 points, or 1.1%.
The Nasdaq is down 407.42 points, or 2.8%.
The Russell 2000 is down 24.07 points, or 1.2%.
For the year:
The S&P 500 is up 638.53 points, or 16.6%.
The Dow is up 1,918.37 points, or 5.8%.
The Nasdaq is up 3,442.76 points, or 32.9%.
The Russell 2000 is up 196.22 points, or 11.1%.
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
