Pursuits
U.S. Stocks Little Changed as S&P 500 Halts 5-Day Winning Streak
- Dow average rises to notch fourth-straight all-time high
- Wells Fargo slides after quarterly report disappoints
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U.S. stocks were little changed Friday as the S&P 500 Index halted its longest rally in four months, while investors weighed the potential for further gains with equities near records and corporate earnings projected to drop for a fifth quarter.
The benchmark index ended a succession of fresh highs this week as Wells Fargo & Co. dragged on the gauge, losing 2.5 percent after its quarterly results disappointed. Also weighing, Amazon.com Inc. sank for a fourth day, the longest in four months. Raw-materials rose for an eighth session, the most since October.