Stocks edged lower on Thursday as investors assessed the latest round of company earnings, a survey on manufacturing and news on the U.S. job market. Dish Network gained on reports that AT&T had approached the satellite TV company about a merger.
The Dow Jones industrial average fell 21.97 points, or 0.1 percent, to 16,558.87.
The Standard & Poor’s 500 index dropped 0.27 points, or 0.01 percent, to 1,883.68.
The Nasdaq composite gained 12.90 points, or 0.3 percent, to 4,127.45.
For the week:
The Dow Jones industrial average is up 197.41 points, or 1.2 percent.
The Standard & Poor’s 500 index is up 20.28 points, or 1.1 percent.
The Nasdaq composite is up 51.89 points, or 1.3 percent.
For the year:
The Dow is down 17.79 points, or 0.1 percent.
The S&P 500 index is up 35.32 points, or 1.9 percent.
The Nasdaq composite is down 49.14 points, or 1.2 percent.