Wall Street closes lower to end rocky week

Key points

• US share markets closed lower on Friday, with the Dow Jones Industrial Average falling 1.25 per cent to 52,209.16 points. Technology shares steadied to end a turbulent week for the AI trade.
• Investors are looking ahead to a busy run of company results, including from Alphabet, Microsoft and Amazon, whose spending plans will be closely watched. Oil prices rose after Houthi attacks in Saudi Arabia raised concern about energy supplies.
• The Federal Reserve is expected to keep interest rates steady on Wednesday, with investors watching for hints about a possible rate rise in December.