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US stocks end lower as energy stocks slump on earnings

US stocks end lower as energy stocks slump on earnings

Stocks closed modestly lower Friday as oil titans Exxon Mobil and Chevron led a slump in energy stocks. The Dow Jones industrial average lost 56.12 points, or 0.3 percent, to 17,689.86. The Standard & Poor's 500 index lost 4.71 points, or 0.2 percent, to 2,103.92. The Nasdaq composite closed little changed, down half a point to 5,128.28. It's was a see-saw week for the market, but all three major indexes closed higher by roughly 1 percent. Shares of Exxon Mobil and Chevron, the two largest publicly traded energy companies, fell roughly 5 percent each on Friday. Both companies posted major declines in their year-over-year profits largely due to the big drop in the price of...

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