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Stocks Drop Amid Concerns About Turkey

The S&P 500 and Dow Jones Industrial Average fell Friday, snapping a five-week streak of gains, as renewed trade tensions and a slide in the Turkish lira rippled across global markets. Trading had been relatively quiet for much of the week with the corporate earnings season winding down, keeping major indexes in a relatively narrow range through Thursday. The S&P 500 slipped 20.30 points, or 0.7%, to 2833.28 sliding further from its January high, and the technology-heavy Nasdaq Composite dropped 52.67 points, or 0.7%, to 7839.11, breaking an eight-session winning streak.