Wall Street Closing

New York, Rabi’I 24, 1438, Dec 23, 2016, SPA — U.S. stocks fell Thursday as investors considered a series of economic reports, while the Dow industrials failed to reach the key psychological level of 20,000.
In U.S. economic news, the final reading on third-quarter gross domestic product (GDP) was revised upward to 3.5 percent compared to an earlier estimate of 3.2 percent. Growth in consumer spending slowed in November as personal incomes failed to rise for the first time in nine months.
Durable-goods orders fell sharply in November because of volatile commercial aircraft demand, but a key category that measures business investment plans rose. Jobless claims increased to a six-month high but remained at historically low levels.
The U.S. dollar rose slightly versus a basket of other currencies. Gold also rose slightly as the dollar was pressured, with futures for February delivery settling at $1,130.70 an ounce on the New York Mercantile Exchange.
Oil prices rose in quiet pre-holiday trading, supported by strong U.S. economic data, a pause in the dollar rally, and optimism that producers would adhere to a deal to limit output. West Texas Intermediate (WTI) futures rose 46 cents, or 0.9 percent, to $52.95 a barrel.
The Dow Jones industrial average fell 23.08, or 0.1 percent, to 19,918.88. Seventeen of the index’s 30 components declined, led by retailing giant Wal-Mart, whose shares lost 2.3 percent. The top gainer was telecommunications company Verizon, which advanced 1.3 percent.
The broader Standard & Poor’s 500 index fell 4.22, or 0.2 percent, to 2,260.96. Consumer discretionary led eight sectors lower, and telecommunications led three sectors higher.
The technology-heavy Nasdaq composite index fell 24.01, or 0.4 percent, to 5,447.42. Shares of Apple fell 0.7 percent.
–SPA
10:54 LOCAL TIME 07:54 GMT