U.S. Stocks Post Third-straight Weekly Loss

U.S. stocks suffered another bout of selling on Friday and the main indexes registered losses for a third week in a row. The week was dominated by wild swings in the currency and commodity markets, with the dollar surging to multi-year highs against the euro as expectations rose for a rate hike by the middle of the year. Oil prices fell sharply after reports of a supply glut and heightened output. The S&P 500 and Dow industrials turned lower for the year again. The S&P 500 closed 12.55 points or 0.6%, lower at 2,053 and lost 0.9% over the week. The Dow Jones Industrial Average dropped 145.91 points, or 0.8%, to 17,749.31 and recorded a 0.6% loss over the week. The Nasdaq Composite ended the day down 21.53 points, or 0.4%, at 4,871.76 and lost 1.1% over the week.