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Dow follows overseas indexes higher

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Associated Press

Stocks finished mixed Friday, leaving the major indexes with their first weekly losses since early May, as caution once again overcame the market.

Tech, financial and retail stocks gained, and utilities and energy shares were lower.

The Dow Jones industrial average fell 15.87 points, or 0.2%, to 8,539.73, marking its fourth daily loss of the week.

But the broader Standard & Poor’s 500 index rose 0.3%, and the Nasdaq composite index gained 1.1%.

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More than three stocks rose for every two that fell on the New York Stock Exchange.

For the week, the Dow lost 3%, the S&P; 500 fell 2.6%, and the Nasdaq shed 1.7%.

Treasury bond yields fell modestly after sliding Thursday. The yield on the benchmark 10-year T-note fell to 3.78% from 3.83% late Thursday, finishing about where it ended last week.

Tech stocks moved higher as the latest version of the iPhone from Apple hit store shelves. Apple shares climbed 2.6%, and rival smartphone maker Palm surged 6.7%.

But shares of BlackBerry maker Research in Motion slumped 4.9% after the firm reported lower-than-expected first-quarter shipments.

Oil prices reversed early gains to finish lower. Crude futures fell $1.82 to $69.55.

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