US stocks close Friday lower, post weekly losses

ANKARA

Major indices on the US stock market closed lower on Friday and posted weekly losses.

The Dow Jones fell 348 points, or 1.05%, to close at 32,899. The blue-chip index lost 1% this week.

The S&P 500 declined 68, or 1.63%, to end the day at 4,108. It fell 1.2% on a weekly basis.

The Nasdaq plummeted 304 points, or 2.47%, to finish at 12,012. The tech-heavy index decreased 1% for the week.

The VIX volatility index, also known as the fear index, was up 0.36% to 24.81.

The dollar index rose 0.3% to 102.11 and the 10-year US Treasury yield added 1.1% to 2.950%.

Precious metals reversed course, with gold losing 1% to $1,850 and silver falling 1.6% to $21.94.

Crude prices were up around 3%. Global oil benchmark Brent crude was trading at $121.26 for a 3.1% gain, while US benchmark West Texas Intermediate was at $120.28 -- a 2.9% increase.