Dow, S&P 500 Edge Down

Nasdaq edges up
By Newser Editors and Wire Services
Posted Jan 27, 2017 3:13 PM CST
Trader Joseph Dente, left, works on the floor of the New York Stock Exchange, Friday, Jan. 27, 2017.   (AP Photo/Richard Drew)

(Newser) – Declines in energy and real estate companies led US stock indexes mostly lower after a listless day on Wall Street, the AP reports. Murphy oil slumped 3.6% Friday. Investors were sizing up earnings from American Airlines, Microsoft, and other big companies. Starbucks slumped 4% after reporting weak sales growth and cutting its forecast. The Standard & Poor's 500 index fell 2 points, or 0.1%, to 2,294. The Dow Jones industrial average slipped 7 points, less than 0.1%, to 20,093. The Nasdaq composite edged up 5 points, or 0.1%, to 5,660. Bond yields fell after the government reported that the US economy grew at an annual rate of just 1.9% in the last three months of 2016. The yield on the 10-year Treasury note fell to 2.49%. (Read more Dow Jones stories.)

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