A brief morning rally pushed the Dow Jones industrial average above its highest closing price since the financial crisis Thursday, but stocks closed lower after mixed economic data tempered traders' optimism.
Solid news on factory orders and strong earnings from U.S. manufacturers highlighted one of the economy's bright spots before the market opened. The Dow and broader indexes turned negative after weaker reports on home sales and future economic growth were released in the late morning.
The Dow closed down 22.33 points, or 0.2 percent, at 12,734.63.
The Standard & Poor's 500 index closed down 7.63 points, or 0.6 percent, at 1,318.43.
The Nasdaq shed 13.03 points, or 0.5 percent, to close at 2,805.28.
For the week so far:
The Dow is up 14.15 points, or 0.1 percent.
The S&P 500 is up 3.05 points, or 0.2 percent.
The Nasdaq is up 18.58 points, or 0.7 percent.
For the month and year so far:
The Dow is up 517.07 points, or 4.2 percent.
The S&P 500 is up 60.83 points, or 4.8 percent.
The Nasdaq is up 200.13 points, or 7.7 percent.
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