Business

Early gain fades for stocks; S&P 500 declines

Advertisement

Stocks slipped as the latest round of earnings deflated investors. Express Scripts, the pharmacy benefits manager, fell after fourth-quarter results slipped, and Groupon plunged as it expects to post a loss. Markets have gained this month on optimism the economy will start to pull out of its winter slump as the weather improves. Investors are ‘‘giving the economic data points a bit of a free pass, but at the same time they’re not fully convinced either,’’ said one chief market strategist. Ameren, a utility based in St. Louis, was among the Friday’s winners. Ameren’s earnings beat expectations after cold weather boosted demand for gas and electricity.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.