After the market volatility of the past week, traders and investors may be glad that markets will pause for the Presidents Day holiday.
Stock futures will trade on an abbreviated schedule. Equities will close at 1:30 p.m.
Commodity futures, such as energy and metals, will trade until 2:30 p.m.
Markets in Europe and Asia will trade according to their regular schedules.
The major indexes recorded losses for a second straight week.
|I:DJI||DOW JONES AVERAGES||34079.18||-232.85||-0.68%|
|I:COMP||NASDAQ COMPOSITE INDEX||13548.065742||-168.65||-1.23%|
The S&P 500 fell 31.39 points to 4,348.87. The benchmark index is now 9.3% below its all-time high set on Jan. 3.
The Dow fell 232.85 points to 34,079.18, and the Nasdaq gave up 168.65 points to 13,548.07.
Oil fell over 2% for the week, closing at $91.07 per barrel. Russia is a major energy producer, and a military conflict could disrupt energy supplies and make for extremely volatile energy prices.
Treasury yields fell as investors shifted money into the safety of U.S. bonds. The yield on the 10-year Treasury, which affects rates on mortgages and other consumer loans, fell to 1.93% from 1.97%.
Video streaming company Roku slumped 22.3% after giving investors a weak revenue forecast and warning about persistent supply chain problems.
Weakness from several big technology stocks, which have more weight on indexes because of their size, helped pull the broader market lower. Intel fell 5.3%.
Retailers and travel-related companies also lost ground. Amazon shed 1.3% and Royal Caribbean fell 1.7%.
The Associated Press contributed to this report.