Stocks slip in a quiet day of trading on Wall Street ahead of the Memorial Day holiday in US

Markets Associated Press

Stocks are closing moderately lower in a relatively quiet day ahead of a holiday weekend.

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Trading volume was relatively light Friday ahead of the Memorial Day holiday in the U.S.

The Dow Jones industrial average fell 53 points, or 0.3 percent, to 18,232.

The Standard & Poor's 500 index lost four points, or 0.2 percent, to 2,126. The Nasdaq composite edged down a point to 5,089.

The price of oil fell $1 to close at $59.72 a barrel in New York. Traders were worried about supplies increasing.

Campbell Soup rose 2 percent after its earnings came in ahead of what analysts were looking for.

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Bond prices fell after the government reported an increase in consumer prices last month. The yield on the 10-year Treasury note rose to 2.21 percent.