U.S. stocks slip Friday, mostly lower for the week

NEW YORK (MarketWatch) -- U.S. stocks edged down on Friday and finished mostly lower for the week, as the S&P 500 (SPX) ended a two-week winning streak that's left it just below its Jan. 15 record close. The benchmark index dipped 3.53 points, or 0.2%, to close at 1,836.25, and it lost 0.1% for the week. The Dow Jones Industrial Average (DJI) shed 29.93 points, or 0.2%, to finish at 16,103.30. The blue-chip index dipped 0.3% for the week, also halting a two-week winning streak. The Nasdaq Composite (RIXF) fell 4.13 points, or 0.1%, to close at 4,263.41, but still finished up 0.5% for the week -- its third straight weekly gain. Stocks spent most of the day in slightly positive territory, but those gains faded by session's end. In economic news, existing-home sales in January showed a bigger-than-expected decline, but unusually poor weather may have played a role.

-Victor Reklaitis; 415-439-6400; AskNewswires@dowjones.com

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