Stocks closed lower in thin trading Friday as investors hesitated to stay long over the three-day Memorial Day holiday weekend amid ongoing worries over the euro zone.
Still, all three major indexes posted their best weekly gains for the month, snapping a three-week losing streak.
The Dow Jones Industrial Average fell 74.92 points or 0.60 percent, to close at 12,454.83. The blue-chip index has yet to see a two-day win streak this month.
The S&P 500 slipped 2.86 points, or 0.22 percent, to finish at 1,317.82. The Nasdaq erased 1.85 points, or 0.07 percent, to end at 2,837.53. The Dow and Nasdaq are on pace for their worst month since 2010.
The CBOE Volatility Index, widely considered the best gauge of fear in the market, ended near 22.
For the week, the Dow gained 0.69 percent, the S&P 500 rallied 1.74 percent, and the Nasdaq soared 2.11 percent. Home Depot was the biggest weekly gainer on the Dow, while Pfizer lagged.
All 10 S&P sectors finished in positive territory for the week, led by materials and consumerdiscretionary.
“It’s been a brutal month…and a lot of guys are still hiding today,” said Gordon Charlop, managing director at Rosenblatt Securities. “Everyone’s looking at Europe—the June 17Greek elections—and until we get some clarity there, it’s buyer beware. This chart is looking exactly like last year.” (
Adding to jitters, Spain's Bankia asked the state for a bailout of 19 billion euros, more than double what the government had expected earlier this week. Shares of the Spanish bank were halted earlier during European trading. And S&P