U.S. stocks closed lower on Friday,though the main indexes posted solid weekly and monthly gains, driven by upbeat earnings. With about half of the companies on the S&P 500 having reported, more than two-thirds beat estimates by an average 5%, according to FactSet. The S&P 500
closed 4.59 points, or 0.2%, lower at 2,384.18. The benchmark index gained 1.5% over the week and ended the month 0.9% higher. The Dow Jones Industrial Average
dipped 40.82 points, or 0.2%, to 20,940.51. The blue-chip index gained 1.9% over the week and 1.3% over the month. The Nasdaq Composite
ended fractionally lower, having touched an intraday all-time high. The tech-heavy index settled a point lower at 6,047.61. The index outperformed other benchmarks over the month, gaining 2.3% and finishing the week 2.3% higher.