US stocks edged lower on Friday as equities continued a phase of consolidation after a strong start to the year but the seven-week winning streak for the S&P 500 remained intact. The S&P 500, up nearly 7 percent so far this year, is facing strong technical resistance near the 1,525 level. But investors, expecting the index to advance further in the quarter, have held back from locking in profits.
The Dow Jones industrial average dropped 6.64 points, or 0.05 percent, to 13,966.75. The Standard & Poor's 500 Index shed 1.35 points, or 0.09 percent, to 1,520.03. The Nasdaq Composite Index lost 1.77 points, or 0.06 percent, to 3,196.89.
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