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NEW YORK (AP) — Stocks closed lower on Thursday, led by declines in health-care companies as investors worry about a backlash in Washington against recent price increases for key drugs. A few retailers reported disappointing earnings, and that helped push down consumer discretionary stocks. The losses were modest as major indexes hover near record highs hit last week.
The Dow Jones industrial average fell 33.07 points, or 0.2 percent, to 18,448.41.
The S&P 500 gave up 2.97 points, or 0.1 percent, to 2,172.47.
The Nasdaq composite edged down 5.49 points, or 0.1 percent, to 5,212.20.
For the week:
The Dow is down 104.16 points, or 0.6 percent.
The S&P 500 is down 11.40 points, or 0.5 percent.
The Nasdaq is down 26.18 points, or 0.5 percent.
For the year:
The Dow is up 1,023.38 points, or 5.9 percent.
The S&P 500 is up 128.53 points, or 6.3 percent.
The Nasdaq is up 204.79 points, or 4.1 percent.