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U.S. major indices move lower on Friday, but close up for the month

The Dow, NASDAQ and S&P all fell slightly on Friday -- U.S. stocks fell slightly on Friday, as the lowest quarterly reading of national wage growth in more than three decades bolstered arguments for a delayed interest rate hike by the Federal Reserve.

Despite minor losses overall on the final day of trading in July, all three major indices closed higher for the month – one that saw the NASDAQ Composite index soar to record intraday and all-time highs. On Friday, the Dow Jones Industrial and the S&P 500 Composite index each posted minor losses, as energy stocks weighed. Crude prices plummeted by approximately 20% on the month amid a continuing glut of oversupply, while disappointing earnings by Chevron Corporation (NYSE:CVX) and Exxon Mobil Corporation (NYSE:XOM) applied downward pressure on the Dow.

The Dow lost...