NEW YORK—U.S. stocks declined Friday, sending the Dow Jones Industrial Average to its second consecutive week of losses as concerns about economic growth weighed on investor sentiment.
The blue-chip index lost 57.59 points, or 0.56%, to finish at 10213.62, leaving it in negative territory for the week, month and year. The Dow remains down 2.1% for the year.
The Nasdaq Composite rose less than one point to 2179.76 while the Standard & Poor’s 500-share index slipped 3.94 points to 1071.69.
A weaker euro on Friday reminded investors of lingering sovereign-debt concerns and added to the week’s push-and-pull between encouraging corporate news and weaker-than-expected economic data. A resurgence in deal activity to the highest levels since late 2009 contrasted with persistent reminders of the struggling global economic recovery.
“There’s been the realization that the economy in the second half of this year—and therefore corporate profits—are going to be more modest than where a lot of people thought they would be six months ago,” said Adrian Cronje, partner and chief investment officer at Balentine.
Some investors remained optimistic, arguing that the market had focused too much on short-term jobs numbers. “We b