Wall Street closes lower with oil decline, weak data

NEW YORK (AA) – Disappointing economic data and falling crude prices led Wall Street to a lower close for the sixth trading day in a row Friday.

The U.S. added 161,000 new jobs in October, according to the Labor Department. That was lower than 173,000 analysts expected.

Oil prices extended their losses after investors found it less likely that OPEC would succeed in getting members to limit output after Iran, Iraq, Libya and Nigeria would be exempt from the deal.

At the final bell, the American benchmark was down 1.3 percent to $44.13, while international benchmark fell 1.8 percent to $45.52.

Crude price have now fallen around 10 percent this week.

As a result, the Dow shed 42 points to close at 17,888. The S&P 500 was down three points to 2,085 and the Nasdaq lost 12 points to 5,046. It was the S&P’s ninth straight loss -- its longest losing streak since December 1980.

The Dow trimmed 1.5 percent for the week. The S&P 500 and the Nasdaq lost 1.9 percent and 2.8 percent, respectively.