U.S. market indexes were lower on Friday. The Dow Jones Industrial Average closed at 23,932.76 for a loss of -572.46 points or -2.34%. The S&P 500 closed at 2,604.47 for a loss of -58.37 points or -2.19%. The Nasdaq Composite closed at 6,915.11 for a loss of -161.44 points or -2.28%. The VIX Volatility Index was higher at 21.46 for a gain of 2.52 points or 13.31%.
For the week, the Dow Jones was down -0.7%, the S&P 500 was down -1.4% and the Nasdaq Composite reported a return of -2.1%.
Friday’s market movers
Trade negotiations and the U.S.-China trade battle kept stocks lower on Friday with global trade expected to be a negative long-term market factor. Sectors leading losses included industrials, financials and technology.
Economic reports affecting market trading included the following:
- The March Employment Situation report showed an increase of 103,000 jobs. The unemployment rate remained unchanged at 4.1%.
- The Baker Hughes North American rig count decreased to 1,114 from 1,127.
- The Federal Reserve released its monthly Consumer Credit report. Consumer credit increased $10.6 billion in February.
In the Dow Jones Industrial Average, the following stocks led losses:
- Caterpillar (CAT, Financial) -3.52%
- Boeing (BA, Financial) -3.15%
- Nike (NKE, Financial) -3.06%
- Intel (INTC, Financial) -3.02%
Small-cap stocks
In small-caps, the Russell 2000 closed at 1,513.34 for a loss of -29.59 points or -1.92%. The S&P 600 closed at 934.29 for a loss of -17.18 points or -1.81%. The Dow Jones Small-Cap Growth TSM Index closed at 9,370.82 for a loss of -198.12 points or -2.07%. The Dow Jones Small-Cap Value TSM Index closed at 9,755.43 for a loss of -167.04 points or -1.68%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1,854.07 for a loss of -22.71 points or -1.21%; the S&P 100 at 1,143.77 for a loss of -25.40 points or -2.17%; the Russell 3000 at 1,544.27 for a loss of -33.75 points or -2.14%; the Russell 1000 at 1,444.57 for a loss of -31.85 points or -2.16%; and the Dow Jones U.S. Select Dividend Index at 678.60 for a loss of -11.10 points or -1.61%.
