Stocks opened higher Friday, but the positive price action was short-lived as geopolitical risks lingered and economic data disappointed. Oil prices, meanwhile, continued their steady climb, even after the U.S. lifted sanctions on Russia to boost market supply.
At the close, the blue-chip Dow Jones Industrial Average was down 0.3% at 46,558, the broader S&P 500 was off 0.6% at 6,632, and the tech-heavy Nasdaq Composite was 0.9% lower at 22,105. All three indexes were down on the week, marking their third straight weekly loss – the longest losing streak of the year.
