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S&P 500 logs first back-to-back weekly losses since February as stocks finish lower

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U.S. stocks finished lower on Friday, with both the S&P 500 and Dow Jones Industrial Average cementing their second weekly loss in a row. For the S&P 500,...

U.S. stocks finished lower on Friday, with both the S&P 500 and Dow Jones Industrial Average cementing their second weekly loss in a row. For the S&P 500, this marked the first instance of back-to-back weekly losses since the week ended Feb. 24, according to FactSet data. The S&P 500 SPX, -0.16% finished down 6.50 points, or 0.2%, at TK, according to preliminary closing data from FactSet.

The Dow Jones Industrial Average DJIA, -0.03% fell b points, or TK%, to TK. The Nasdaq Composite COMP, -0.35% declined by TK points, or TK%, to TK. Only the Nasdaq recorded a gain for the week, rising 0.3%. A selloff in regional bank shares weighed on U.S. stocks this week, as did official data harboring signs of a slowing economy, and worries about the looming debt-ceiling battle in Congress.

 

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