Stocks Ended Lower and Posted Weekly Loss

U.S. stocks ended lower on Friday, leaving major indexes with weekly losses. The Dow Jones Industrial Average fell 227.57 points, or 0.78%, to 28,992.41. The S&P 500 lost 35.48 points, or 1.05%, to 3,337.75. The Nasdaq Composite dropped 174.37 points, or 1.79%, to 9,576.59. For the week, the Dow declined 1.4%, the S&P 500 retreated 1.3% and the Nasdaq logged a 1.6% fall.

Oil futures ended with a loss on Friday, pressured by a reported rift in the crude-production alliance between Saudi Arabia and Russia. West Texas Intermediate crude for April delivery fell 50 cents, or 0.9%, to settle at $53.38 a barrel, while April Brent crude lost 81 cents, or 1.4%, to end at $58.50 a barrel.