Stocks Close Lower, Led by Drops in Tech

Stocks are closing lower on Wall Street, led by drops in technology companies, as the market gives back some of its big gain from a day earlier, the AP reports. Intel lost 2.2% Friday and Google's parent company Alphabet fell 1.2%. Health care and industrial stocks also fell. The declines left the Standard & Poor's 500 index down for the second week in a row following eight weeks of gains. Smaller companies and retailers did well. Foot Locker soared 28% after issuing a strong forecast. The S&P 500 fell 6 points, or 0.3%, to 2,578. The Dow Jones industrial average gave up 100 points, or 0.4%, to 23,358. The Nasdaq slipped 10 points, or 0.2%, to 6,782. The Nasdaq closed at a record high a day earlier. (More stock market stories.)