Wall Street closes lower, Dow Jones drops 1.23%

New York [US], October 24: Wall Street's major indices closed lower on Friday, with the Dow Jones Industrial Average falling 658.82 points, or 1.23 percent, to 52,215.16.
The S&P 500 declined 39.75 points, or 0.52 percent, to 7,623.86, while the Nasdaq Composite dropped 53.52 points, or 0.21 percent, to 25,955.34.
For the week, the S&P 500 fell 0.5 percent and the Nasdaq declined 0.7 percent, while the Dow Jones rose 0.4 percent, marking its third consecutive week of gains.
Source: Emirates News Agency