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U.S. equities were set for their second straight weekly drop on Friday on growing concerns that President Donald Trump would not be able to move forward with his pro-growth economic agenda.
The Dow Jones Industrials dropped 49.85 points to 21,700.88, with Nike contributing the most losses. Nike shares followed Foot Locker's stock lower. Foot Locker shares declined more than 25% after reporting much weaker-than-expected quarterly results.
The S&P 500 lost 3.23 points to 2,426.78, with real estate lagging.
The NASDAQ lopped off 6.04 points to 6,215.87.
The Dow and the S&P had fallen approximately half a percent for the week entering Friday's session. The two indexes were also on track for their first two-week losing streak since May. The NASDAQ, meanwhile, was on track to post a four-week losing streak, its longest of the year.
Prices for the benchmark 10-year Treasury note gained ground, lowering yields to 2.17% from Thursday’s 2.19%. Treasury prices and yields move in opposite directions.
Oil prices fell eight cents to $47.01 U.S. a barrel
Gold prices gained $9.40 to $1,301.80 U.S. an ounce.
