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Stocks fell on Friday as further losses in oil prices sparked fears of a global economic slowdown, but the major indexes were still on pace for solid weekly gains.
The Dow Jones Industrials jettisoned 170.56 points to begin Friday at 26,020.66, as Caterpillar losses offset gains from Disney.
The S&P 500 sagged 25.42 points to 2,781.41, led lower by energy shares and tech.
The NASDAQ dipped 109.69 points, or 1.5%, to 7,421.20
The S&P 500 was up 3.1% and Dow gained 3.6% for the week through Thursday's close. The NASDAQ, meanwhile, was up 2.4%.
On the earnings front, Yelp shares plunged more than 25% in the after releasing its latest quarterly results. Dow-member Disney, meanwhile, rose 2.7% on the back of better-than-expected results.
Prices for the benchmark for the 10-year U.S. Treasury sagged, raising yields to 3.20% from Thursday’s 3.24%. Treasury prices and yields move in opposite directions.
Oil prices lost $1.14 to $59.53 U.S. a barrel.
Gold prices subtracted $13.40 an ounce to $1,211.70 U.S.
