Stocks ended lower Friday, with major benchmarks logging weekly losses, as worries remained over U.S.-China trade tensions. The S&P 500 SPX, -0.58% fell 0.6% to end near 2,859, according to preliminary figures, while the Dow Jones Industrial Average DJIA, -0.38% shed around 99 points, or 0.4%, to finish near 25,763. The Nasdaq Composite COMP, -1.04% fell 1% to close near 7,816. For the week, the S&P 500 lost 0.8%, while the Dow declined 0.7% and the Nasdaq fell 1.3%. Stocks sold off sharply on Monday as China announced retaliatory tariffs on U.S. imports following the Trump administration’s decision last week to raise tariffs on $200 billion of Chinese imports and take steps toward implementing duties on remaining goods. Equities then took back much of the lost ground over the following three days, but saw renewed pressure Friday on uncertainty over prospects for continued negotiations and the threat of a further escalation of the tariff battle. Losses Friday were limited by upbeat economic data, including a rise in the University of Michigan’s consumer sentiment index to a 15-year high.
U.S. stocks bounce back from deep losses Friday but still closed lower as trade-related jitters overshadowed strong economic data.
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