Summary Box: Dow slips; first losing week in 2012

AP News
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Posted: Jan 27, 2012 5:37 PM
Summary Box: Dow slips; first losing week in 2012

STOCK SLUMP: Stocks mostly fell after the government said the U.S. economy grew more slowly than expected in the last three months of 2011. The Dow Jones industrial average and the S&P 500 each fell less than 1 percent. The biggest losers were utility stocks, down 1.3 percent.

BAD WEEK: The fall in the Dow capped a down week for the blue-chip index, the first weekly loss in 2012.

THE GOOD NEWS: Nearly two stocks rose for every one that rose on the New York Stock Exchange, suggesting investors may still be bullish. And despite the drop for the day, the Dow is still up nearly 4 percent this year. The Russell 2000 index of riskier small stocks is up nearly 8 percent.