Blue-chip stocks finished in the red, pushing the Dow to its first losing week this year, after a reading on domestic economic growth fell short of expectations.
The Dow Jones Industrial Average dropped 74.17 points, or 0.6%, to 12660.46, down 0.5% on the week and snapping a three-week winning streak. The Standard & Poor's 500-stock index fell 2.1 points, or 0.2%, to 1316.33, while the Nasdaq Composite Index rose 11.27 points, or 0.4%, to 2816.55. On the week, the S&P and the Nasdaq ended in positive territory for the fourth week in a row.
The nation's gross domestic product, the value of all goods and services produced, expanded at an annual rate of 2.8% from October to December, up from 1.8% in the third quarter. Though the data showed the U.S. economy expanded at the fastest pace since the second quarter of 2010, the reading fell short of the expected 3% rate.
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