Stocks fell on Friday, extending this week's selloff, after President Donald Trump said there's "absolutely no need to rush" on a trade agreement with China and tariffs will make the United States "much stronger."
The Dow Jones Industrials remained in the red 152.24 points to 25,676.12
The S&P 500 lost 18.43 points to 2,852.29. The decline followed a deep sell-off this week that saw the Dow falling more than 700 points and the S&P down nearly 3%.
The NASDAQ Composite fell 74.32 points to 7,863.27
Apple, which has growing China revenue exposure for the iPhone, led the market decline, down nearly 3%.
Stocks pared some of the losses after Treasury Secretary Steven Mnuchin said China trade talks are done for the day, but they were "constructive." Reports also said Chinese Vice Premier Liu He said the talks went "fairly well." The Dow was down 358 points at its intraday low.
Still, major averages are on pace to post their worst week of the year. The Dow is down more than 900 points this week since Trump's tariff threat and the S&P 500 is down more than 3%.
Companies that are hinging on a trade resolution are under pressure. Friday's drop in Apple brings its weekly loss to nearly 9%. Boeing dipped 1.2%, and Caterpillar 2% Friday.
Ride-hailing giant Uber began trading on the New York Stock Exchange Friday at $42 per share, after pricing at $45 per share.
Prices for the benchmark 10-year U.S. Treasury squeezed upward, thus lower yields to 2.44% from Thursday's 2.45%. Treasury prices and yields move in opposite directions.
Oil prices picked up 29 cents to $61.99 U.S. a barrel.
Gold prices added $2.80 to $1,288.00 U.S. an ounce.