US stocks fell again on Friday as a slump in Apple and the federal budget stalemate offset an increase in industrial production and data showing China’s manufacturing may expand at a faster pace. The S&P 500 index fell 0.4 percent. The benchmark measure for American equities lost 0.3 percent during the week. Nine of 10 industries in the S&P 500 retreated as technology, the biggest group, led the losses. President Obama and House Speaker John Boehner remained deadlocked Thursday during their third White House meeting on next year’s budget. The S&P 500 has dropped 0.2 percent this month, paring its 2012 rally to 12 percent.
Budget stalemate still a drag on stocks
You've reached the limit of 10 free articles a month
Stay informed with unlimited access to Boston’s trusted news source.
- High-quality journalism from the region’s largest newsroom
- Convenient access across all of your devices
- Today’s Headlines daily newsletter
- Subscriber-only access to exclusive offers, events, contests, eBooks, and more
- Less than $1 a week