Dow Ends Day Down 40
S&P 500, Nasdaq also slip
By Newser Editors and Wire Services
Posted Apr 28, 2017 3:11 PM CDT
Traders Christopher LaGana, foreground left, and William McInerney, right, work on the floor of the New York Stock Exchange, Thursday, April 27, 2017.   (AP Photo/Richard Drew)

(Newser) – Stocks ended slightly lower on Wall Street, narrowly missing a fourth record high close this week for the Nasdaq composite index, the AP reports. Phone companies fell the most Friday. Verizon sank 1.6%. Magazine publisher Time Inc. plunged 17% after saying it decided not to pursue a sale of the company. Several technology companies bucked the downward trend and moved higher after reporting solid results. Google's parent company Alphabet added 3.7% and Amazon rose 0.7%. Energy companies rose as the price of crude oil headed higher. The Standard & Poor's 500 index fell 4 points, or 0.2%, to 2,384. The Dow Jones industrial average slipped 40 points, or 0.2%, to 20,940. The Nasdaq composite fell 1 point, less than 0.1%, to 6,047.

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