Wall Street Market Update
Wall Street falls as energy lags; shares post gains on week Wall Street retreated on Friday as lower oil prices weighed on energy shares and Facebook and Apple declined, but major indexes still posted gains for the week.
Energy was the worst-performing major S&P sector, dropping 1.3 percent. Oil prices tumbled 4 percent on signs Saudi Arabia and Iran were making little progress on a bilateral agreement ahead of talks by crude exporters aimed at freezing production.
Wall Street falls as energy lags; shares post gains on week Wall Street retreated on Friday as lower oil prices weighed on energy shares and Facebook and Apple declined, but major indexes still posted gains for the week.
Energy was the worst-performing major S&P sector, dropping 1.3 percent. Oil prices tumbled 4 percent on signs Saudi Arabia and Iran were making little progress on a bilateral agreement ahead of talks by crude exporters aimed at freezing production.
The Dow Jones industrial average ended down 131.01 points, or 0.71 percent, at 18,261.45, the S&P 500 lost 12.49 points, or 0.57 percent, to 2,164.69 and the Nasdaq Composite dropped 33.78 points, or 0.63 percent, to 5,305.75.
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