How the Dow Jones industrial average and other major indexes fared Friday

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 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.