U.S. stocks closed lower on Friday, ending a four-day winning streak for major equity benchmarks, as investors worried about the deterioration in U.S.-China trade relations after a bill supporting Hong Kong protesters was signed by President Trump late on Wednesday.
The New York Stock Exchange and the Nasdaq closed early at 1 p.m. Eastern on Friday after the U.S. Thanksgiving holiday closed markets Thursday.
The Dow Jones Industrial Average retreated 112.59 points, or 0.4%, to close at 28,051.41 while the S&P 500 slipped 12.65 points, or 0.4%, to finish at 3.140.98. The Nasdaq Composite fell 39.7 points, or 0.5%, to end at 8.665.47.
For the week, the Dow is up 0.6%, the Nasdaq gained 1.7%, and the S&P 500 rose 1%. For the month, the S&P rose 3.4%, the Dow climbed 3.7%, and the Nasdaq gained 4.5%. This marked the biggest monthly gains for all three major equity benchmarks since June.
Source : Market Watch