Stocks finished lower on Friday, with most major sectors in the red.
The Dow and broader U.S. stock market traded lower on Friday, as investors pared back their exuberance following a recent run-up to all-time highs.
All of Wall Street’s major indices finished in negative territory, with the Dow Jones Industrial Average (DIA) falling 219.95 points, or 0.8%, to 29,263.54.
The broad S&P 500 Index (SPY) of large-cap stocks fell 0.7% to close at 3,557.55. Ten of 11 primary sectors finished in negative territory, with information technology leading the pack. Industrials and financials also reported heavier losses.
Meanwhile, the technology-focused Nasdaq Composite Index (QQQ) closed down 0.4% at 11,854.97.
A measure of implied volatility known as the CBOE VIX (VXX) traded within a narrow range on Friday. The so-called “investor fear index” hovered between 22.13 and 23.43 on a scale of 1-100, where 20 represents the historical average. It would eventually settle up 0.8% at 23.30.
On the commodities front, crude prices rebounded on Friday, with U.S. West Texas Intermediate futures gaining 41 cents, or 1%, to $42.15 a barrel on the New York Mercantile Exchange. Brent crude, the international futures benchmark, climbed 86 cents, or 2%, to $45.06 a barrel.
In precious metals, gold prices rose $10.00, or 0.5%, to $1,871.51 a troy ounce on the Comex division of the New York Mercantile Exchange. Silver futures advanced 21 cents, or 0.9%, to $24.38 an aounce.
The Final Word: U.S. equity markets could see lower trade volumes next week amid Thanksgiving. The period between Thanksgiving and Christmas is usually positive for stock prices, as seasonal influences cause investors to bid up assets.