Disappointing forecasts from technology companies and an unexpected drop in home construction added to worries about the economy and sent stocks modestly lower. The drop came a day after major stock indicators closed at 13-month highs. Forecasts from software makers Autodesk Inc. and Salesforce.com fell short of analysts expectations. Meanwhile, the government said construction of homes and apartments fell 10.6 percent in October, a steeper drop than expected.
The Dow Jones industrial average fell 11.11, or 0.1 percent, to 10,426.31.
The Standard & Poor's 500 index fell 0.52, or 0.1 percent, to 1,109.80.
The Nasdaq composite index fell 10.64, or 0.5 percent, to 2,193.14.
For the week:
The Dow is up 155.84, or 1.5 percent.
The S&P is up 16.32, or 1.5 percent.
The Nasdaq is up 25.26, or 1.2 percent.
For the year:
The Dow is up 1,649.92, or 18.8 percent.
The S&P is up 206.55, or 22.9 percent.
The Nasdaq is up 616.11, or 39.1 percent.