Stocks Ended Lower, Oil Tumbled

U.S. stocks closed lower on Friday and crude oil plunged to its lowest level in one year. The Dow Jones Industrial Average fell 178.74 points, or 0.73%, to 24,285.95. The S&P 500 was off 17.37 points, or 0.66%, to 2,632.56. The Nasdaq Composite retreated 33.27 points, or 0.48%, to 6,938.98. For the week, the Dow ended the week 4.4% lower, the S&P 500 notched a week-on-week decline of 3.8% and the Nasdaq tumbled 4.3%.

Crude-oil prices plunged Friday, with the contract notching a seventh-straight weekly fall, as investors increasingly focused on oversupply in the market. U.S. benchmark West Texas Intermediate crude for January delivery CLF9, -7.76% finished down $4.21, or 7.7%, lower at $50.42 a barrel.

The S&P 1500 Retailing Index is little changed on Black Friday amid some early reports that foot traffic has not been robust as shoppers may be staying home to do their holiday buying. The index is up 0.1 percent, after rising as much as 0.47 percent and declining 0.29 percent.