US stocks close lower, ending Dow's 10-day rally
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Traders work on the floor at the New York Stock Exchange on March 15, 2013. United States stocks fell on Friday, ending the longest winning streak for the Dow Jones industrial average in nearly 17 years. -- PHOTO: REUTERS
(AP) - United States (US) stocks fell on Friday, ending the longest winning streak for the Dow Jones industrial average in nearly 17 years.
The Dow Jones industrial average dropped 25.03 points, or 0.2 per cent, to 14,514.11. The Standard & Poor's 500 index fell 2.53, or 0.2 per cent, to 1,560.70. The Nasdaq composite index dropped 9.86, or 0.3 per cent, to 3,249.07.
The S&P 500 closed just five points below its all-time closing high of 1,565, reached in October 2007. On Thursday, the Dow closed out a 10-day winning streak, its longest since November 1996.
The string of wins pushed the Dow up 484.65 points, or 3.4 per cent, to a Thursday close of 14,539.14. The index's closing price on Feb 28, just before the rally began, was 14,054.49.
