Stocks Close Down in First Losing Month Since August

The Dow Jones Industrial Average closed down 149 points on Friday after rallying from a 230-point drop in the morning, NBC News reported. Wall Street recorded its first monthly loss since August, as investors' concerns persisted over the outlook for emerging economies. The S&P 500 lost 11 points and the Nasdaq fell 19 points. U.S. stocks jumped on Thursday, with the S&P 500 on track for weekly gains, as companies including Facebook reported better-than-expected quarterly results and data had the economy expanding in the fourth quarter as consumer spending gained traction.

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