Wall Street ended lower on Friday as continuing trade tensions pulled industrial and tech shares down, and the Dow capped a fourth straight week of losses in its longest weekly losing streak in three years.
While all three major U.S. indexes struggled for direction for much of the session, they turned decisively negative following a report from CNBC that U.S.-China trade negotiations have stalled.
The S&P 500 and the Nasdaq suffered their second successive weekly declines after U.S. stocks failed to fully recover from Monday's steep sell-off.
"It is not unusual for stocks to weaken at the end of a week," said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia. "The possibility of something weird happening over the weekend leads people to take money off the table as the week comes to a close."
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