Stocks finish lower; S&P 500 gives up weekly gain as investors await Fed

Stocks ended lower Friday as investors assessed the start of a United Auto Workers strike against Ford
F,
-0.08%,
General Motors
GM,
+0.86%
and Stellantis
STLA,
+2.18%
and awaited next week’s Fed decision. The Dow Jones Industrial Average
DJIA,
-0.83%
declined nearly 290 points, or 0.8%, to close near 34,619, according to preliminary data. The S&P 500
SPX,
-1.22%
shed 0.8% and the Nasdaq Composite
COMP,
-1.56%
slid 1.6%. The declines left the Dow with a weekly gain of 0.1%, while dragging the S&P 500 to a 0.2% drop and leaving the Nasdaq down 0.4%.