U.S. stocks close lower after 3 day winning streak, but still notch biggest weekly advance in a month

📆 22/07/2022 20:03:00
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U.S. stocks end lower, trimming weekly gains; tech stocks sink as Snap weighs

Stocks finished lower on Friday, snapping a three-day rally following disappointing economic data and a weak earnings report from Snap Inc. --- while reports from tech behemoths including Apple Inc. [a: aapl] and Microsoft Inc.

are expected next week. The S&P 500 SPX, -0.93% fell 37.32 points, or 0.9%, to close at 3,961.63 after briefly trading above the 4,000 shortly after the open. The Nasdaq Composite COMP, -1.87% slipped 225.50 points, or 1.9%, to 11,834.11, while the Dow Jones Industrial Average DJIA, -0.43% closed 137.61 points, or 0.4%, lower at 31,899.29.

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