NEW YORK, N.Y. – U.S. stocks inched lower Friday as the price of oil slipped and investors worried again about the health of the global economy. Chemicals companies fell the most, while consumer and tech stocks rose. The market had its best week of the year.
The Dow Jones industrial average slipped 21.44 points, or 0.1 per cent, to 16,391.99.
The Standard & Poor’s 500 index edged down 0.05 points to 1,917.78.
The Nasdaq composite index gained 16.89 points, or 0.4 per cent, to 4,504.43.
For the week:
The Dow rose 418.15 points, or 2.6 per cent.
The S&P 500 added 53 points, or 2.8 per cent.
The Nasdaq advanced 166.92 points, or 3.9 per cent.
For the year:
The Dow is down 1,033.04 points, or 5.9 per cent.
The S&P 500 is down 126.16 points, or 6.2 per cent.
The Nasdaq is down 502.98 points, or 10 per cent.