U.S. stocks close lower after 3 day winning streak, but still notch biggest weekly advance in a month

0
8

Stocks finished lower on Friday, snapping a three-day rally following disappointing economic data and a weak earnings report from Snap Inc. — while reports from tech behemoths including Apple Inc. [a: aapl] and Microsoft Inc.
MSFT,
-1.69%

are expected next week. The S&P 500
SPX,
-0.93%

fell 37.32 points, or 0.9%, to close at 3,961.63 after briefly trading above the 4,000 shortly after the open. The Nasdaq Composite
COMP,
-1.87%

slipped 225.50 points, or 1.9%, to 11,834.11, while the Dow Jones Industrial Average
DJIA,
-0.43%

closed 137.61 points, or 0.4%, lower at 31,899.29. Despite Friday’s pullback, the S&P 500 and Dow Jones Industrial Average managed to record their biggest weekly gain in a month, while the Nasdaq notched its largest advance since July 8. All three U.S. benchmarks have now risen during two of the last three weeks.

Source