Friday’s stock decline ahead of Fed erases S&P 500’s weekly gain


Stocks ended lower Friday as investors assessed the start of a United Auto Workers strike against Ford F, -0.08%, General Motors GM, +0.86% and Stellantis STLA, +2.18% and awaited next week’s Fed decision. The Dow Jones Industrial Average DJIA, -0.83% declined nearly 290 points, or 0.8%, to close near 34,619, according to preliminary data. The S&P 500 SPX, -1.22% shed 0.8% and the Nasdaq Composite COMP, -1.56% slid 1.6%. The declines left the Dow with a weekly gain of 0.1%, while dragging the S&P 500 to a 0.2% drop and leaving the Nasdaq down 0.4%.

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