Wall Street dips on Wells Fargo, Boeing; S&P up on week
NEW YORK (Reuters) – Stocks dipped on Friday after a record profit at Wells Fargo failed to attract buyers and Boeing shares were pressured by two further problems with its new Dreamliner aircraft. The benchmark S&P 500 index fell slightly but was still up on the week and just a few points shy of a five-year high set Thursday. Wells Fargo , the first major U. S. bank to post earnings this season, reported a record fourth-quarter profit as it set aside less money to cover bad loans and made more fees from mortgages. Its shares fell 2 percent to $34. 70, erasing Thursday’s gains but up 1. . . .
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