S&P 500 faces resistance, slumps by 1%

Wall Street ends session lower, Dow Jones industrial average fell by 0.19% and Nasdaq dropped by 0.10%

U.S. stocks ended lower on Friday in the face of another soft reading on the economy, with the S&P 500 facing resistance as it flirts with its record high.

Based on the latest available data, the Dow Jones industrial average fell 29.93 points or 0.19%, to end unofficially at 16,103.30. The S&P 500 lost 3.53 points or 0.19%, to finish unofficially at 1,836.25. The Nasdaq Composite dropped 4.135 points or 0.10%, to close unofficially at 4,263.41.

For the week, the Dow slipped 0.3% and the S&P 500 dipped 0.1%, while the Nasdaq ended up 0.5%.