Royal Caribbean International

US stock indexes head lower in afternoon trading; oil rising

Phone companies led U.S. stocks modestly lower in late-afternoon trading Friday as investors weighed the latest batch of company earnings and economic news. The government estimated that the U.S. economy expanded in the first quarter at the weakest pace in three years. Energy stocks were up the most as the price of crude oil headed higher.

KEEPING SCORE: The Standard & Poor's 500 index slipped 5 points, or 0.2 percent, to 2,383 as of 3 p.m. Eastern time. The Dow Jones industrial average fell 45 points, or 0.2 percent, to 20,935. The Nasdaq composite lost 4 points, or 0.1 percent, to 6,044. Small-company stocks fell more than the rest of the market. The Russell 2000 index gave...