(CNBC) U.S. equities closed lower in choppy trade on Friday as Wall Street digested a weaker-than-expected employment report and kept an eye on falling oil prices.
The Dow Jones industrial average fell 119.15 points at session lows before closing nearly 30 points lower, with Caterpillar and DuPont contributing the most losses.
“I think that, after a number of days in which oil has risen on expectations of an OPEC deal, some investors are beginning to rethink the likelihood of a deal,” said Kate Warne, investment strategist at Edward Jones. “For the past few days, we’ve seen some intraday volatility, especially in international markets. Given what happened with the pound overnight, I think investors are consolidating some positions.”
