New York, July 11: US stocks edged lower Friday on falling oil prices and a worse-than-expected consumer confidence report, ending a rough week on Wall Street. Crude oil has posted its biggest weekly drop since January, falling 0.9 percent Friday to $59.89 per barrel. Chevron led energy firms lower.
The blue-chip Dow Jones Industrial Average was down 36.65 points, or 0.45 percent, to 8,146.52. The broader Standard & Poor’s 500 Index dropped 3.55 points, or 0.4 percent, to 879.13. The technology-heavy Nasdaq Composite Index gained 3.48 points, or 0.2 percent, to 1,756.03.
The Dow dropped 1.6 percent this week and the S&P 500 fell 1.9 percent. Both stock indices posted their fourth-straight losing week.
The US currency rose against the euro to 71.71 euro cents from 71.28 euro cents Thursday. But the dollar fell against the Japanese currency to 92.55 yen from 92.99 yen.
—IANS–