Stocks dropped Friday after another spike in oil prices overshadowed a report that the unemployment rate fell to its lowest level in nearly two years. Crude oil rose 2.5 percent to more than $104 a barrel, its highest level since September 2008, after fighting in Libya escalated.
The Dow Jones industrial average fell 88.32 points, or 0.7 percent, to 12,169.88.
The Standard & Poor's 500 index fell 9.82, or 0.7 percent, to 1,321.15.
The Nasdaq composite index fell 14.07, or 0.5 percent, to 2,784.67.
For the week:
The Dow was up 39.43, or 0.3 percent.
The Standard & Poor's 500 index was up 1.27, or 0.1 percent.
The Nasdaq composite was up 3.62, or 0.1 percent.
For the year to date:
The Dow is up 592.37, or 5.1 percent.
The S&P is up 63.51 or 5.1 percent.
The Nasdaq is up 131.8, or 5 percent.