US stocks slipped on Friday, with the Dow on track for its longest losing streak since June 2005, as jobs data showing strength in the economy raised worries the Federal Reserve may need to resume interest rates increases. Consumer-oriented stocks such as Wal-Mart Stores Inc and McDonald's Corp slipped.
The Dow Jones industrial average was down 22.81 points, or 0.19 percent, at 11,995.73. The Standard & Poor's 500 Index was down 1.86 points, or 0.14 percent, at 1,365.48. The Nasdaq Composite Index was down 4.56 points, or 0.20 percent, at 2,329.46.
Shares of Wal-Mart, the world's biggest retailer, fell to their lows for the session after it lowered prices on nearly 100 key electronics items such as plasma televisions for the holiday season. The stock was down 1.4 percent at $47.62 and was on pace for its worst weekly percentage loss in more than four years. McDonald's shares fell 1.5 percent to $41.42.
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