Stocks closed lower on Thursday, snapping a three-day rally. A slide in telecom and utilities companies weighed on the market. Investors were mostly focused on the latest crop of company earnings and deal news.
The Dow Jones industrial average fell 113.75 points, or 0.6 percent, to 17,982.52.
The Standard & Poor's 500 index lost 10.92 points, or 0.5 percent, to 2,091.48.
The Nasdaq composite index slid 2.24 points, or 0.1 percent, to 4,945.89.
For the week:
The Dow is up 85.06 points, or 0.5 percent.
The S&P 500 is up 10.75 points, or 0.5 percent.
The Nasdaq is up 7.67 points, or 0.2 percent.
For the year:
The Dow is up 557.49 points, or 3.2 percent.
The S&P 500 is up 47.54 points, or 2.3 percent.
The Nasdaq is down 61.52 points, or 1.2 percent.