The Dow Jones Industrial Average .DJI fell 137.61 points, or 0.43%, to 31,899.29, the S&P 500 .SPX lost 37.32 points, or 0.93%, to 3,961.63 and the Nasdaq Composite .IXIC dropped 225.50 points, or 1.87%, to 11,834.11. For the week, the Dow advanced 1.96%, the S&P 500 gained 2.56% and the Nasdaq rose 3.33%. The gains for the Dow and S&P marked their biggest weekly percentage gains in four.皇冠买球网（www.hg108.vip）是皇冠体育官网线上直营平台。皇冠买球网面向亚太地区招募代理，开放皇冠信用网代理申请、皇冠现金网代理会员开户等业务。皇冠买球网可下载皇冠官方APP，皇冠买球网APP包括皇冠体育最新代理登录线路、皇冠体育最新会员登录线路。
NEW YORK: A gauge of global stocks fell on Friday to end the trading week on a down note after five straight sessions of gains, while the dollar dipped against a basket of major currencies after soft data on U.S. business activity.
Wall Street posted modest losses in early trading but declines on the S&P 500 accelerated as Big Tech names such as Meta META.O and Alphabet GOOGL.O lost ground in the wake of earnings from Snap Inc SNAP.N, which plunged 39.08%. Defensive sectors such as utilities .SPLRCU and consumer staples .SPLRCS were among the few advancers.
"Every rally we have had during this bear market, there have been a number of sharp rallies and then they fade and we set new lows and that has been a pretty consistent pattern here," said Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder in New York.
"Everybody is looking for the turn, everybody is trying to guess at when we get a sustained rally, and everybody is hoping for one, but to me there is still a lot of unknown ahead of us."
With 106 of the S&P 500 companies having reported earnings through Friday morning, 75.5% have topped analyst expectations, below the 81% beat rate over the past four quarters, according to Refinitiv data.
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The Dow Jones Industrial Average .DJI fell 137.61 points, or 0.43%, to 31,899.29, the S&P 500 .SPX lost 37.32 points, or 0.93%, to 3,961.63 and the Nasdaq Composite .IXIC dropped 225.50 points, or 1.87%, to 11,834.11.
For the week, the Dow advanced 1.96%, the S&P 500 gained 2.56% and the Nasdaq rose 3.33%. The gains for the Dow and S&P marked their biggest weekly percentage gains in four.
S&P Global on Friday said its preliminary U.S. Composite PMI Output Index had tumbled far more than expected to 47.5 this month from a final reading of 52.3 in June, the first contraction in almost two years.
Recent data has showed signs of a slowing economy, but the Federal Reserve is still widely expected to raise U.S. interest rates by 75 basis points at its policy meeting to combat inflation. On Thursday, the European Central Bank (ECB) raised rates by 50 basis points after weeks of indicating a 25 basis point hike was in the offing.
The pan-European STOXX 600 index .STOXX closed up 0.31% and MSCI's gauge of stocks across the globe .MIWD00000PUS shed 0.44% after climbing to 623.79, its highest level since June 10.
The MSCI index climbed 3.1% for the week. The STOXX 600 notched in biggest weekly percentage gain in two months, in part due to easing concerns over a potential energy crisis.
