Stocks edge lower, major indexes still head for weekly gains
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By DAMIAN J. TROISE and ALEX VEIGA
AP Business Writers
Major stock indexes on Wall Street are mostly lower in afternoon trading Friday as losses for several large technology and communications companies weigh on the market. The S&P 500, which notched a record high a day earlier, slipped less than 0.1%. The Dow Jones Industrial Average rose 0.3% and the Nasdaq fell 0.8%. Every major index is on track for a third consecutive week of gains. Intel sank after reporting revenue that fell short of analysts’ forecasts, and Snap fell sharply after saying its ad sales are being hurt by a privacy crackdown on Apple’s iPhones earlier this year.Â