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Most actively traded stocks include Apple (AAPL) down 0.97%, Bank of America (BAC) lower by 0.84%, Intel (INTC) up 1.01%, and Pfizer (PFE) higher by 0.86%.

The S&P 500, NASDAQ and Dow are all lower in the last five days of trading.

Crude oil futures are higher this week, trading at $60.28 per barrel on Friday afternoon.

And Gold futures are down this week, trading at $1190.89 an ounce this afternoon.

In economic news, sales of new single-family houses in April 2015 were at a seasonally adjusted annual rate of 517,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 6.8 percent above the revised March rate of 484,000 and is 26.1 percent above the April 2014 estimate of 410,000.

The median sales price of new houses sold in April 2015 was $297,300; the average sales price was $341,500. The seasonally adjusted estimate of new houses for sale at the end of April was 205,000. This represents a supply of 4.8 months at the current sales rate.

In the week ending May 23, the advance figure for seasonally adjusted initial claims was 282,000, an increase of 7,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 274,000 to 275,000. The 4-week moving average was 271,500, an increase of 5,000 from the previous week's revised average. The previous week's average was revised up by 250 from 266,250 to 266,500.

Real gross domestic product -- the value of the production of goods and services in the United States, adjusted for price changes -- decreased at an annual rate of 0.7 percent in the first quarter of 2015, according to the "second" estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 2.2 percent.

In corporate dividend news, Cisco (NASDAQ:CSCO) declared a quarterly dividend of $0.21 per common share to be paid on July 22, 2015 to all shareholders of record as of the close of business on July 6, 2015.

HP (NYSE:HPQ) has declared a regular cash dividend of $0.176 per share on the company's common stock. The dividend, the third in HP's fiscal year 2015, is payable on July 1, 2015, to stockholders of record as of the close of business on June 10, 2015.

Tiffany & Co. (NYSE:TIF) has declared a regular quarterly dividend of $0.40 per share of Common Stock, representing a 5% increase in the quarterly rate. This action increases the quarterly dividend from $0.38 per share to the new rate of $0.40 per share.

Merck (NYSE:MRK) has declared a quarterly dividend of $0.45 per share of the company's common stock for the third quarter of 2015. Payment will be made on July 8, 2015, to stockholders of record at the close of business on June 15, 2015.

The Deere & Company (NYSE:DE) declared a regular quarterly dividend of $.60 per share on common stock, payable August 3, 2015, to stockholders of record on June 30, 2015.

Weyerhaeuser Company (NYSE:WY) declared a dividend of $0.29 per share on the Common Stock of the company, payable in cash on June 19, 2015, to holders of record of such common shares at the close of business on June 5, 2015.

This is the 'Weekly Market Wrap' for Friday May 29, 2015.

Please join us on Monday for the Week Ahead Market Report.

For MarketNewsVideo.com, I'm Sayoko Murase.