US stocks edged lower on Friday in a session with sparse economic data, but the S&P 500 and Nasdaq remained on pace for their eighth positive week in the last nine. The S&P 500 has traded in a tight range in the past two weeks, mostly holding on to gains of nearly 9 percent since the beginning of the year. The index has risen more than 28 percent from its closing low in October.
Investors were keeping a close eye on oil prices, which have risen more than 16 percent since the start of February. The Dow Jones industrial average dropped 32.74 points, or 0.25 percent, to 12,947.56. The Standard & Poor's 500 Index lost 4.49 points, or 0.33 percent, to 1,369.60. The Nasdaq Composite Index fell 8.48 points, or 0.28 percent, to 2,980.49. For the week, the Dow is off 0.2 percent, while the S&P 500 is up 0.3 percent and the Nasdaq is up 0.7 percent.
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