Stocks Ended Lower as Tech Stumbled

U.S.stocks closed lower on Friday, as technology stocks led the decline on nerves about upcoming earnings reports and iPhone demand. The Dow Jones Industrial Average fell 201.95 points, or 0.82%, to 24,462.94. The S&P 500 lost 22.99 points, or 0.85%, to 2,670.14. The Nasdaq Composite dropped 91.93 points, or 1.27%, to 7,146.13. For the week, the Dow rose 0.4%, the S&P was up 0.5% and the Nasdaq rose 0.6%.

Oil prices settled with a modest gain Friday, shaking off earlier weakness sparked by a tweet from U.S. President Donald Trump, to finish higher for the week. May West Texas Intermediate crude edged up by 9 cents, or 0.1%, to settle at $68.38 a barrel and ended the week 1.5% higher. June Brent crude rose 28 cents, or 0.4%, to $74.06 a barrel. It rose 2% for the week.