stocks ended sharply lower friday leaving major indexes with hefty weekly losses after the personal consumpion expenditures price index for january came in hotter than expected cementing expectations the federal reserve will move rates higher than investors previously anticipated in the effort to rein in inflation the dow jones industrial average djia fell around 337 points or 1 to close near 32817 according to preliminary data while the sp 500 spx shed 11 to finish near 3970 the nasdaq composite comp dropped 17 to end near 11395 the dow suffered a 37 weekly fall with the sp 500 down 26 and the nasdaq off 16