Wall Street capped a week of milestones Friday with a day of listless trading that left U.S. stock indexes mostly lower.
Energy companies declined the most as the price of crude oil fell. Health care stocks posted the biggest gain.
Quarterly results from Microsoft, Starbucks and other big companies continued to be in focus. Bond yields fell after the government reported that the economy lost momentum in the last three months of 2016.
More stocks fell than rose on the New York Stock Exchange. This week, all three major indexes set all-time highs, including the Dow Jones industrial average, which held above the 20,000 mark after crossing that threshold for the first time on Wednesday.
“We’ve had an OK week,” said Jason Pride, director of investment strategy at Glenmede. “Having a day when you just give back a little bit is not a bad thing.”
The Dow fell 7.13 points, or 0.04 percent, to 20,093.78. The Standard & Poor’s 500 index slid 1.99 points, or 0.1 percent, to 2,294.69. The Nasdaq composite index rose 5.61 points, or 0.1 percent, to 5,660.78. The tiny gain was enough to set another all-time high for the Nasdaq.
Small-company stocks did worse than the rest of the market. The Russell 2000 lost 4.89 points, or 0.4 percent, to 1,370.70.
The market drifted between small gains and losses through much of the day as investors weighed company earnings and new data on the U.S. economy.
The Commerce Department said the U.S. economy grew at an annual rate of just 1.9 percent in the last three months of 2016, a slowdown from 3.5 percent in the previous quarter. For 2016, the economy grew 1.6 percent, the worst showing since 2011 and down from 2.6 percent in 2015.
A separate government report showed businesses spent more on industrial machinery, semiconductors and other big-ticket items last month, a sign U.S. manufacturers seem to be doing better after a two-year slump.
