Wall Street drops on Ukraine concern

On Friday, U.S. stocks dropped as worries concerning increased fighting in Ukraine triggered profit-taking before the weekend and nullify optimism created by the fastest growth of jobs in over 2 years.

Adding fuel to the fire was report that on Friday over 40 people were killed during the worst violence since February in the Ukrainian Black Sea port city of Odessa. Geopolitical tension is affecting the market and the situation might go from bad to worse during weekend.

Due to Ukrainian crisis, oil prices increased, lifting price of Exxon Mobil as well as other energy companies, which restricted the S&P 500's decline.

LinkedIn Corp shares declined 8.4% to $147.73; a day after the company forecast 2014 revenue less than expectations.

Decline in S&P 500 was led by Healthcare shares, including Pfizer Inc. Its shares dropped by 1.3% to $30.75 following rejection of its sweetened bid by AstraZeneca Plc.

The S&P 500 fell 2.54 points to close at 1,881.14. The Nasdaq Composite lost 3.554 points to close at 4,123.897 and the Dow Jones industrial average dropped 45.98 points to close at 16,512.89.

On U.S. exchanges roughly 5.9 billion shares were traded, below the average of 6.7 billion over the previous 5 days.

During the week, all 3 indexes posted gains. The S&P 500 and Dow increased by 0.9%, and the Nasdaq was up 1.2%.