US close: Stocks finish lower in final session of volatile week
Wall Street stocks closed lower on Friday as a volatile week for blue-chips drew to a close.
At the close, the Dow Jones Industrial Average was down 1.48% at 35,365.44, while the S&P 500 was 1.03% weaker at 4,620.64 and the Nasdaq Composite saw out the session 0.07% softer at 15,169.68.
The Dow closed 532.20 points lower on Friday, extending losses recorded in the previous session after major indices reversed early gains as investors reacted to increasingly hawkish central banks.
Central banks were still in focus on Friday after the Federal Reserve said it would begin dialling back the pace of its asset purchases in January by purchasing just $60.0bn worth of bonds each month, down from $90.0bn in December.
Elsewhere, the European Central Bank left rates unchanged as it said it would phase out its emergency bond-buying programme and increase other stimulus measures, while the Bank of England voted for a surprise increase in interest rates to 0.25% in a bid to stop inflation from taking hold, with prices rising faster than expected.
In the corporate space, FedEx shares were in the green after the logistics giant posted quarterly earnings and revenues overnight that topped expectations and Winnebago shares jumped after posting record first-quarter margins and earnings.
No major data points were released on Friday.
Dow Jones - Risers
International Business Machines Corporation (CDI) (IBM) $127.40 1.17%
Boeing Co. (BA) $192.63 0.96%
Verizon Communications Inc. (VZ) $53.17 0.80%
Cisco Systems Inc. (CSCO) $60.46 0.25%
Walt Disney Co. (DIS) $148.76 0.01%
Honeywell International Inc. (HON) $230.94 0.00%
Dowdupont Inc. (DWDP) $30.52 0.00%
Amgen Inc. (AMGN) $222.50 -0.04%
Salesforce.Com Inc. (CRM) $252.93 -0.08%
Merck & Co. Inc. (MRK) $75.69 -0.29%
Dow Jones - Fallers
Goldman Sachs Group Inc. (GS) $381.80 -3.92%
Walmart Inc. (WMT) $138.75 -3.20%
Home Depot Inc. (HD) $387.98 -2.89%
Johnson & Johnson (JNJ) $168.23 -2.76%
Chevron Corp. (CVX) $113.60 -2.61%
Travelers Company Inc. (TRV) $158.07 -2.36%
Caterpillar Inc. (CAT) $201.37 -2.33%
JP Morgan Chase & Co. (JPM) $156.76 -2.28%
Procter & Gamble Co. (PG) $157.46 -2.27%
3M Co. (MMM) $174.75 -2.00%
S&P 500 - Risers
Cerner Corp. (CERN) $89.77 12.93%
TripAdvisor Inc. (TRIP) $25.69 6.60%
Royal Caribbean Cr (RCL) $72.41 5.25%
Norwegian Cruise Line Holdings Ltd (NCLH) $20.33 5.12%
FedEx Corp. (FDX) $250.32 4.95%
Carnival Corp. (CCL) $18.28 4.04%
Arista Networks Inc. (ANET) $134.67 3.76%
MGM Resorts International (MGM) $42.33 3.63%
Skyworks Solutions Inc. (SWKS) $151.70 3.63%
Nucor Corp. (NUE) $118.04 3.60%
S&P 500 - Fallers
Leggett & Platt Inc. (LEG) $38.03 -7.98%
Oracle Corp. (ORCL) $96.62 -6.39%
Western Union Co. (WU) $17.38 -6.00%
Hess Corp. (HES) $71.62 -5.30%
Darden Restaurants Inc. (DRI) $139.83 -4.96%
Equifax Inc. (EFX) $276.64 -4.69%
Wells Fargo & Co. (WFC) $47.95 -4.67%
Estee Lauder Co. Inc. (EL) $345.96 -4.61%
People's United Financial Inc. (PBCT) $16.77 -4.61%
Starbucks Corp. (SBUX) $108.63 -4.37%
Nasdaq 100 - Risers
Cerner Corp. (CERN) $89.77 12.93%
Skyworks Solutions Inc. (SWKS) $151.70 3.63%
Biomarin Pharmaceutical Inc. (BMRN) $86.48 3.46%
Expedia Group Inc. (EXPE) $159.31 3.16%
Autodesk Inc. (ADSK) $277.65 2.98%
Dish Network Corp. (DISH) $33.25 2.94%
Charter Communications Inc. (CHTR) $650.00 2.92%
American Airlines Group (AAL) $16.95 2.60%
Align Technology Inc. (ALGN) $609.06 2.35%
Broadcom Inc. (AVGO) $634.96 2.30%
Nasdaq 100 - Fallers
NetEase Inc. Ads (NTES) $93.75 -5.15%
Starbucks Corp. (SBUX) $108.63 -4.37%
Cintas Corp. (CTAS) $438.51 -3.58%
Verisk Analytics Inc. (VRSK) $222.14 -3.08%
PACCAR Inc. (PCAR) $83.50 -2.81%
Hasbro Inc (HAS) $98.85 -2.36%
CSX Corp. (CSX) $35.72 -2.32%
JD.com, Inc. (JD) $71.04 -2.26%
J.B. Hunt Transport Services Inc. (JBHT) $192.10 -2.25%
Fastenal Co. (FAST) $62.05 -2.22%