Major U.S. stock indexes closed lower Friday, their third decline for the week.
The government reported that the U.S. economy grew at a slower pace than expected in the final quarter of 2014 even as wages rose.
The Dow Jones industrial average fell 251.90 points, or 1.5 percent, to 17,164.95.
The Standard & Poor's 500 index slid 26.26 points, or 1.3 percent, to 1,994.99.
The Nasdaq composite lost 48.17 points, or 1 percent, to 4,635.24.
For the week:
The Dow is down 507.65 points, or 2.9 percent.
The S&P 500 index is down 56.83 points, or 2.8 percent.
The Nasdaq is down 122.64 points, or 2.6 percent.
For the year:
The Dow is down 658.12 points, or 3.7 percent.
The S&P 500 index is down 63.91 points, or 3.1 percent.
The Nasdaq is down 100.82 points, or 2.1 percent.
![Mason Nadolney got his second COVID-19 vaccine shot during a mobile vaccine event at Chanhassen High School in July.](https://arc.stimg.co/startribunemedia/J7LEBWHZ57AFGZSTIR2WYOQJ3A.jpg?h=91&w=145&fit=crop&bg=999&crop=faces)
What to know about the latest COVID variants, Minnesota testing, vaccines
Sign up for Star Tribune newsletters
![Nearly a dozen collected Bachman's warblers lie in a specimen tray.](https://arc.stimg.co/startribunemedia/3KDGPJTGN5CRNG5PO5S5T35XUE.jpg?h=91&w=145&fit=crop&bg=999&crop=faces)
126 birds on list 'lost to science'
![Champlin Park volleyball player Carly Gilk posed for a photo by her mom, Shelley, when they arrived for the AMSA celebration at Target Field.](https://arc.stimg.co/startribunemedia/QPHJLQJMYJDLFMFTYKDONXWDQY.jpg?h=91&w=145&fit=crop&bg=999&crop=faces)