After The Bell: Stocks Lower On Oil Weakness

(CBS) -- Stocks closed slightly lower on Friday, finishing an otherwise decent week for financial markets, as a decline in crude oil prices and mixed economic data weighed on investor sentiment.

The S&P 500 lost 2, the NASDAQ shed 7 and the Dow Jones Industrial average closed down nearly 29 points, settling to 17,897.

"The next couple months we are still on the defensive side, we have been the last six to nine months, over weighting bonds to stocks," says Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago.