FOX Business: Capitalism Lives Here
U.S. stocks lost ground in a week that saw Wall Street zigzag amid mixed economic data.
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According to preliminary calculations, the Dow Jones Industrial Average fell 29.9 points, or 0.19%, to 16103, the S&P 500 declined 3.5 points, or 0.19%, to 1836 and the Nasdaq Composite slumped 4.1 points, or 0.1%, to 4263.
For the week, the Dow fell 0.32%, the S&P 500 dipped 0.13% and the Nasdaq rose 0.46%.
Economic data that have been released over the course of the week have been mixed. Economists have pointed to bad weather as having blurred the data, particularly for January.
The National Association of Realtors said sales of existing single-family homes fell 5.1% to an annualized rate of 4.62 million units in January, lower than the 4.68 million units Wall Street expected, and the lowest rate since July of 2012.
On the corporate front, Hewlett-Packard (NYSE:HPQ) posted better-than-expected quarterly results after the close of trading on Thursday. Groupon (NASDAQ:GRPN) shares plummeted on the back of a week forecast.
Elsewhere, U.S. crude oil futures fell 39 cents, or 0.38%, to $102.92 a barrel. Wholesale New York Harbor gasoline dipped 0.51% to $2.83 a gallon. Gold rose $4.70, or 0.36%, to $1,322 a troy ounce.