A late afternoon decline in US stocks denies the S&P 500 its third straight weekly gain

2/21/2014
ASSOCIATED PRESS
  • Wall-Street-567

    Trader Jonathan Corpina, left, and specialist Fabian Caceres work on the floor of the New York Stock Exchange, Friday, Feb. 21, 2014. U.S. stocks are inching higher in early trading, putting the Standard & Poor's 500 index on track for its third straight week of gains. (AP Photo/Richard Drew)

    ASSOCIATED PRESS

    • NEW YORK — U.S. stocks are ending broadly lower as investors assess corporate earnings reports, leaving the Standard & Poor’s 500 index down slightly for the week.

    The loss followed two straight weeks of gains for the benchmark index.

    The S&P 500 was higher for much of the day but turned lower in the last hour of trading today. It ended with a loss of three points, or 0.2 percent, at 1,836. It lost 0.1 percent for the week.

    The Dow Jones industrial average slipped 30 points, or 0.2 percent, to 16,103. The Nasdaq composite fell four points, or 0.1 percent, 4,263.

    Groupon plunged 22 percent after the online deals company forecast weak results for the year.

    Newmont Mining slumped 4 percent after its earnings fell far short of what investors were expecting.