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
Dow Ends Day Down 40
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. (Read more stock market stories.)

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