NEW YORK — Stocks fell Friday as oil climbed to its highest level in five months, with the Dow Jones Industrial Average dropping 652.82 points.
The Dow ended the day at 52,215.16. That was down 1.23% on the day, according to The Wall Street Journal.
For the S&P 500, Friday’s loss was 39.75 points. It closed at 7,623.68, off 0.52%. The Nasdaq Composite finished at 25,955.34, 53.52 points lower, a dip of 0.21%.
Brent crude went the other way. It settled $3.55 higher, at $116.72 a barrel — up 3.14%. That close was Brent’s highest since April 29, Reuters reported, and it left Brent up 6% for the week.
U.S. crude did the same kind of move. West Texas Intermediate rose $3.80, or 3.8%, to $103.27 a barrel.
At the pump, the national average for gasoline stood at $4.29 a gallon, according to AAA.
Reuters said Houthi attacks in Saudi Arabia raised fears of more disruption to Middle East energy supplies. United Arab Emirates authorities also reported an oil spill, Reuters said.
The Wall Street Journal reported Brent rose after Iran promised to retaliate if the United States and Israel restart their air strikes. Iran said it would respond with strikes on U.S. military bases and on airports, pipelines and civilian targets in the Persian Gulf, the Journal reported.
Energy was where the money went. Reuters put the S&P 500 energy sector up 2.5% on the day, at a record high.
After Thursday’s rout, tech held up better. Chip stocks were up 0.4%, Reuters reported, and the broader S&P 500 technology index rose by the same amount.
American Express weighed on the Dow. Its shares ended 3.7% lower after the company said about 5% of its global workforce would be cut, Reuters reported.
Borrowing costs edged up again. The 10-year Treasury note yielded 4.987% at Friday’s close, The Wall Street Journal reported.
European shares also ended lower, Reuters reported.
The week’s scorecard was mixed. The Nasdaq was off 0.7% over the five days and the S&P 500 shed 0.5%, while the Dow added 0.4% — a third straight weekly gain for the Dow, according to Reuters.
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