New York – Stocks ended lower on Friday as jobs data suggesting the Federal Reserve has room to keep interest rates low for some time was offset by lingering concern over Argentina’s default.
Join our WhatsApp groupSubscribe to our Daily Roundup Email
The Dow Jones industrial average < .DJI> fell 68.97 points, or 0.42 percent, to 16,494.33, the S&P 500 < .SPX> lost 5.29 points, or 0.27 percent, to 1,925.38, and the Nasdaq Composite < .IXIC> dropped 17.13 points, or 0.39 percent, to 4,352.64.
For the week, the Dow is down 2.8 percent, and the Nasdaq is down 2.2 percent. The S&P is down 2.7 percent, its biggest weekly decline since the week ending June 1, 2012.