Stocks lost ground in volatile trading on Friday, as investors struggled to find support after the Dow Jones Industrial Average posted its worst day since 2020.
The 30-stock index staggered 98.6 points to 32,899.37. The loss on the week was almost 550, or 1.6%.
The S&P 500 slid 23.53 points to 4,123.34, to go down on the week 81 points, or 1.9%.
The NASDAQ Composite dropped 173.03 points, or 1.4%, to 12,144.66. Over the last five session, the loss of 454 points, or 3.6%.
The largest stocks in the market shuffled between gains and losses on Friday.
Energy was a bright spot for the market, with EOG Resources jumping 5%. Oil prices rose again on Friday, which is a positive for energy stocks but is leading to worries about slowing economic growth and higher inflation.
On the earnings front, shares of Under Armour dropped more than 22% after the apparel company missed estimates on the top and bottom lines. That appeared to hurt rival Nike, whose shares dropped about 4% and weighed on the Dow.
Thursday's -- and Friday's -- losses erased Wednesday's big post-Federal Reserve meeting rally. Fed Chair Jerome Powell ruled out the prospect of larger rate hikes on Wednesday, sending the S&P 500 and the Dow to their best daily gains since 2020.
The losses came despite an April jobs report that showed a gain of 428,000 jobs, more than the 400,000 expected by economists surveyed by Dow Jones.
Elsewhere in economic data, the Fed's consumer credit data showed an increase of $52.4 billion in March, more than double what economists expected, according to Dow Jones.
Treasury prices jumped sharply, with yields falling to 3.13% from Thursday's 3.03%. Treasury prices and yields move in opposite directions.
Oil prices gained $2.24 to $110.50 U.S. a barrel.
Gold prices jumped $6.50 to $1,882.20 U.S. an ounce.