Dow Jones Today: A sharp Friday selloff turned markets negative for the week. The Dow Jones Industrial Average fell 139.87 points to finish the week at 16,361.78. The Nasdaq dropped 72.78 points to finish at 4,075.56 and the S&P 500 was down 15.20 points to close at 1,863.41.
Consumer discretionary stocks like Amazon.com Inc. and Ford Motor Co. were off big in afternoon trading. Ford announced quarterly profits fell by 39% due to an increased allocation of money to fix defects and currency devaluations in South America.
In addition, uncertainty over Russia’s decision on how to handle Ukraine is wearing on investors.