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US stocks make rare close in the red

NEW YORK: Stocks slipped Friday (Saturday in Manila) to send Wall Street to a rare losing week, just its second in the last 16.

The S&P 500 fell 0.5 percent from its all-time high set a day earlier. The Dow Jones Industrial Average dropped 145 points, or 0.4 percent, and the Nasdaq composite sank 0.8 percent.