Early gain fades for stocks; S&P 500 slips
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NEW YORK – U.S. stocks are ending broadly lower as investors assess corporate earnings reports, leaving the Standard & Poor’s 500 index down slightly for the week.
The loss followed two straight weeks of gains for the benchmark index.
The S&P 500 was higher for much of the day but turned lower in the last hour of trading Friday.
It ended with a loss of three points, or 0.2 percent, at 1,836. It lost 0.1 percent for the week.
The Dow Jones industrial average slipped 30 points, or 0.2 percent, to 16,103.
The Nasdaq composite fell four points, or 0.1 percent, 4,263.
Groupon plunged 22 percent after the online deals company forecast weak results for the year.
Newmont Mining slumped 4 percent after its earnings fell far short of what investors were expecting.