Stocks Ended Lower and Posted Weekly Loss

U.S. stocks ended lower on Friday, with major benchmarks logging weekly losses, amid a slew of new updates to the Trump administration’s trade policies. The Dow Jones Industrial Average fell 98.68 points, or 0.38%, to 25,764.00. The S&P 500 declined 16.79 points, or 0.58%, to 2,859.53. The Nasdaq Composite was down 81.76 points, or 1.04%, to 7,816.28. For the week, the Dow declined 0.7% , the S&P 500 lost 0.8% and the Nasdaq fell 1.3%.

Oil futures finished lower Friday, as any potential demand worries tied to stock-market volatility were offset by supply concerns linked to Middle East tensions. West Texas Intermediate crude for June delivery fell 11 cents, or 0.2%, to settle at $62.76 a barrel. July Brent lost 41 cents, or 0.6%, to $72.21 a barrel.

Early Friday, the White House announced that the Trump administration was delaying an imposition of tariffs on imported cars and auto parts by six months.

Later Friday afternoon, President Donald Trump announced an agreement with Canada and Mexico to remove U.S. tariffs on steel and aluminum imports.

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