BP China Insight: The US claims it’s not worried about dollar depreciation, but they’re secretly terrified

U.S. stocks ended lower on Friday.

The Dow Jones Industrial Average fell by 179.09 points, or 0.36 percent, to 48,892.47. The S and P 500 sank 29.98 points, or 0.43 percent, to 6,939.03. The Nasdaq Composite Index shed 223.30 points, or 0.94 percent, to 23,461.82.

Seven of the 11 primary S and P 500 sectors ended in red, with materials and technology leading the laggards by losing 1.85 percent and 1.33 percent, respectively. Meanwhile, consumer staples and energy led the gainers by going up 1.35 percent and 0.98 percent, respectively.

U.S. stocks close lower

U.S. stocks close lower