US close: Markets slide as Dow Industrials turn negative for the year

US stocks slid on Friday, as the markets struggled to put the biggest decline since April, on Thursday, behind them.

The Dow Jones Industrial Average closed down 115.15 to 16,544.10 points , while the S&P 500 dropped 22.08 to 1,906.13 points and the Nasdaq closed down 102.10 to 4,276.24 points, its worst week since May 2012.

Data released on Friday showed that import prices fell 0.5% month-on-month in September, slightly better than the 0.7% drop analysts had anticipated.

The decline was driven mainly by petroleum products, which fell 2.0% on the month, while nonpetroleum import prices decreased 0.2% month-on-month.

Total import prices fell 0.9% year-on-year and were down from -0.1% the previous month, while nonpetroleum import prices increased 0.7% from the corresponding period 12 month ago, dropping off slightly from the 0.9% hike in August, which was its highest in nearly three years.

Consumer goods import prices, excluding automotives, rose 0.9% year-on-year, up from 0.8% in August.

“Import price deflation has pushed down on core consumer goods prices over the past two years,” analysts at Barclays said in a note.

“They are now rising modestly, suggesting this weight is easing, although further strengthening in the dollar could change this picture in the coming months.”

In corporate news, Tesla Motors unveiled its latest Model S car late on Thursday but lost 7.82%, while Juniper Networks fell 9.07% after announcing on Thursday that third-quarter revenue and adjusted earnings are likely to come in below its previous estimates.

Symantec shares dropped 6.40% after the software maker announced late on Thursday that it plans to split itself into two publicly traded companies, while Exact Sciences shares rallied 35.76% as the firm’s Cologuard test to detect colorectal cancer will be covered by Medicare.

Alpha Pro Tech soared 51.86%, while Lakeland Industries rose 10.78% on the back of gains from Thursday, as both companies benefited from growing concerns over the possibility of an Ebola outbreak.

Tech businesses ended the week on a negative note as weaker demand from China hurt revenue, with Intel Corp falling 5.01%, while Microsoft lost 3.97% and Cisco Systems dropped 3.51%.

Gold futures dropped over $2 an ounce to 1,223, while the dollar rose against the pound and the euro but was in retreat against the yen.

The price of West Texas Intermediate crude continued to fall, dropping almost half a percentage point and closing at just over $85 a barrel.

The yield on the 10-year Treasury note was down three basis points to 2.29, while the yield on the 30-year Treasury bond fell by the same margin to 3.02 and the yield on the five-year Treasury note was down two basis points to 1.55.

S&P 500 - Risers
L-3 Communications Holdings Inc. (LLL) $115.15 +6.51%
Health Care REIT Inc. (HCN) $66.48 +2.36%
Walgreen Co. (WAG) $62.98 +2.32%
Diamond Offshore Drilling Inc. (DO) $35.47 +2.19%
SCANA Corp. (SCG) $49.42 +1.92%
HCP Inc. (HCP) $41.90 +1.85%
Staples Inc. (SPLS) $11.95 +1.79%
Ross Stores Inc. (ROST) $77.53 +1.79%
TJX Companies Inc. (TJX) $61.55 +1.75%
Avon Products Inc. (AVP) $11.23 +1.63%

S&P 500 - Fallers
Amphenol Corp. (APH) $45.70 -53.69%
Microchip Technology Inc. (MCHP) $39.96 -12.25%
Avago Technologies Ltd. (AVGO) $71.38 -11.44%
Micron Technology Inc. (MU) $27.81 -9.24%
Lam Research Corp. (LRCX) $65.91 -9.16%
Juniper Networks Inc. (JNPR) $19.04 -9.07%
Xilinx Inc. (XLNX) $36.83 -8.36%
KLA-Tencor Corp. (KLAC) $68.07 -7.58%
Texas Instruments Inc (TXN) $42.74 -7.13%
F5 Networks Inc. (FFIV) $107.11 -7.11%

Dow Jones I.A - Risers
Coca-Cola Co. (KO) $44.47 +1.37%
Procter & Gamble Co. (PG) $84.69 +1.23%
Walt Disney Co. (DIS) $86.27 +0.65%
Wal-Mart Stores Inc. (WMT) $78.29 +0.55%
Unitedhealth Group Inc. (UNH) $85.39 +0.53%
Pfizer Inc. (PFE) $29.13 +0.48%
Travelers Company Inc. (TRV) $94.05 +0.17%
United Technologies Corp. (UTX) $99.98 +0.04%
Verizon Communications Inc. (VZ) $48.94 +0.02%

Dow Jones I.A - Fallers
Intel Corp. (INTC) $31.91 -5.09%
Microsoft Corp. (MSFT) $44.03 -3.97%
Cisco Systems Inc. (CSCO) $23.34 -3.51%
3M Co. (MMM) $133.84 -3.46%
General Electric Co. (GE) $24.27 -2.06%
Visa Inc. (V) $205.03 -1.29%
AT&T Inc. (T) $34.25 -1.18%
E.I. du Pont de Nemours and Co. (DD) $66.54 -1.14%
American Express Co. (AXP) $84.99 -1.05%
Boeing Co. (BA) $121.50 -1.03%

Nasdaq 100 - Risers
Staples Inc. (SPLS) $11.95 +1.79%
Ross Stores Inc. (ROST) $77.53 +1.79%
O'Reilly Automotive Inc. (ORLY) $151.56 +1.00%
Costco Wholesale Corp. (COST) $128.90 +0.38%
Mattel Inc. (MAT) $30.74 +0.38%
Express Scripts Holding Co (ESRX) $70.56 +0.17%
Garmin Ltd. (GRMN) $49.77 +0.10%

Nasdaq 100 - Fallers
Nxp Semiconductors Nv (NXPI) $56.34 -12.43%
Avago Technologies Ltd. (AVGO) $71.38 -11.44%
Micron Technology Inc. (MU) $27.81 -9.24%
Xilinx Inc. (XLNX) $36.83 -8.36%
Tesla Motors Inc (TSLA) $236.91 -7.82%
KLA-Tencor Corp. (KLAC) $68.07 -7.58%
Texas Instruments Inc (TXN) $42.74 -7.13%
F5 Networks Inc. (FFIV) $107.11 -7.11%
Activision Blizzard Inc. (ATVI) $18.71 -6.82%
Symantec Corp. (SYMC) $21.95 -6.37%