U.S. Stocks Close Lower Friday, Finish Week Higher

By Wallace WitkowskiMarketsMarketWatch Pulse

U.S. stocks closed lower Friday, as a drop in oil prices dragged on energy shares, but finished the week higher, boosted by a lack of a rate hike from the Federal Reserve. The Dow Jones Industrial Average closed down 131.01 points, or 0.7%, at 18,261.45, for a weekly gain of 0.8%. Shares of Apple Inc. and Goldman Sachs Group Inc. led the blue-chip average lower. The S&P 500 index finished down 12.49 points, or 0.6%, at 2,164.69, led lower by a 1.1% drag from the energy sector, as oil prices settled down 4%. The Nasdaq Composite index fell 33.78 points, or 0.6%, to close at 5,305.75. Both the S&P 500 and Nasdaq finished the week up 1.2%.

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