Stocks closed lower on Wall Street, pulling the S&P 500 down 10 percent from the peak it reached in July. That puts the benchmark index into what’s called a “correction.”
The declines came amid the latest batch of earnings from big technology and energy companies and some mixed readings on the economy.
The S&P 500 fell 0.5 percent Friday, its 10th loss in the last 12 days. The Dow fell 366 points, and the Nasdaq composite rose 0.4 percent.
Treasury yields held steady following a mixed report on inflation, consumer spending and incomes. Higher yields in the bond market have been helping to knock stocks lower since the summer.
On Friday:
The S&P 500 fell 19.86 points, or 0.5 percent, to 4,117.37.
The Dow Jones Industrial Average fell 366.71 points, or 1.1 percent, to 32,417.59.
The Nasdaq composite rose 47.41 points, or 0.4 percent, to 12,643.01.
The Russell 2000 index of smaller companies fell 20.07 points, or 1.2 percent to 1,636.94.
For the week:
The S&P 500 is down 106.79 points, or 2.5 percent.
The Dow is down 709.69 points, or 2.1 percent.
The Nasdaq is down 340.80 points, or 2.6 percent.
The Russell 2000 is down 43.85 points, or 2.6 percent.
For the year:
The S&P 500 is up 277.87 points, or 7.2 percent.
The Dow is down 729.66 points, or 2.2 percent.
The Nasdaq is up 2,176.53 points, or 20.8 percent.
The Russell 2000 is down 124.31 points, or 7.1 percent.
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