Stocks closed lower on Wall Street, pulling the S&P 500 down 10% from the peak it reached in July. That puts the benchmark index into what’s called a "correction."
The declines came amid the latest batch of earnings from big technology and energy companies and some mixed readings on the economy.
The S&P 500 fell 0.5% Friday, its 10th loss in the last 12 days. The Dow fell 366 points, and the Nasdaq composite rose 0.4%.
Treasury yields held steady following a mixed report on inflation, consumer spending and incomes. Higher yields in the bond market have been helping to knock stocks lower since the summer.
On Friday:
The S&P 500 fell 19.86 points, or 0.5%, to 4,117.37.
The Dow Jones Industrial Average fell 366.71 points, or 1.1%, to 32,417.59.
The Nasdaq composite rose 47.41 points, or 0.4%, to 12,643.01
The Russell 2000 index of smaller companies fell 20.07 points, or 1.2% to 1,636.94.
For the week:
The S&P 500 is down 106.79 points, or 2.5%.
The Dow is down 709.69 points, or 2.1%.
The Nasdaq is down 340.80 points, or 2.6%
The Russell 2000 is down 43.85 points, or 2.6%.
For the year:
The S&P 500 is up 277.87 points, or 7.2%.
The Dow is down 729.66 points, or 2.2%.
The Nasdaq is up 2,176.53 points, or 20.8%
The Russell 2000 is down 124.31 points, or 7.1%.
Sourse: abcnews.go.com
