Stocks Closed Lower Friday, Gains for the Week

U.S. stocks closed lower on Friday as the dollar continued to charge higher and as investors taking profits on the recent rally also pressured major indexes. The Dow lately fell 35.89 points, or 0.19%, to 18,867.93. The S&P 500 was down 5.22 points, or 0.24%, to 2,181.90. The Nasdaq Composite dropped 12.46 points, or 0.23%, to 5,321.51. For the week, Dow was up 0.1%, S&P 500 rose 0.8% and Nasdaq climbed 1.6%.

Oil futures finished modestly higher on Friday, logging their first weekly gain in a month. December West Texas Intermediate crude rose 27 cents, or 0.6%, to settle at $45.69 a barrel. January Brent crude added 37 cents, or 0.8%, to $46.86 a barrel.

Energy Transfer Partners Chief Executive Kelcy Warren said the company will not consider rerouting its Dakota Access oil pipeline despite concerns voiced by U.S. native groups, according to an Associated Press interview published on Friday.

Bleak fourth-quarter sales forecast from Abercrombie & Fitch Co (ANF.N) and Gap Inc (GPS.N) raised fresh concerns that apparel retailers were in for another tough holiday season as fewer shoppers visit malls and continue to spend less on clothes.