Dow, S&P 500 Reverse Course Following Days of Gains
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iStock/Thinkstock(NEW YORK) — After four days of gains, poor earnings reports sent stocks sliding to close the week.
The Dow Jones Industrial Average finished the session on Friday at 17,672.60, down 141.38 from its open.
The Nasdaq however rose 7.48 to 4757.88. The S&P 500 was down 11.33 to close at 2051.82.
Fast-food giant McDonalds reported earnings and sales fell in the fourth quarter, but the company says it will take action to bring customers back.
Mastercard said on Friday it will lift the ban on U.S. credit card transactions in Cuba starting on March, due to new guidance from the U.S. Treasury Department.
Sales of existing homes jumped 2.4 percent in December, but total sales for 2014 slipped more than three percent.
Many first-time buyers were also priced out, as home values increased six percent last year to a median price of just under $210,000.
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