U.S. stocks finished lower on Friday to end an otherwise solid week on a negative note, as falling oil prices and a weakening Chinese economy helped affirm the bearish narrative of slower global growth. The S&P 500 SPX, -0.92% was down 0.9% to end around 2,781, according to preliminary estimates. The Dow Jones Industrial Average DJIA, -0.77% shed around 202 points, or 0.8%, to end near 25,989. The Nasdaq Composite COMP, -1.65% ended lower by 1.6% to around 7,407. Crude futures CLZ8, -1.32% extended their fall after officially slumping into bear market territory on Thursday, defined as a 20% plunge from their peaks. In company news, shares of Walt Disney rose after its third-quarter earnings beat consensus expectations. The entertainment company’s stock DIS, +1.72% ended higher by 1.7% on Friday. On the economic front, wholesale prices in October surged 0.6%, well above the 0.2% expected from analysts polled by MarketWatch. For the week, the Dow and S&P booked a return of more than 2%, while the Nasdaq eked out a weekly climb of 0.7%.
U.S. stocks finish Friday on a low note, halting a four-session rally, after a selloff in oil prices contributes to a downbeat session. However, all three equity benchmarks book a weekly gain.
Have breaking news sent to your inbox. Subscribe to MarketWatch’s free Bulletin emails. Sign up here.