Stocks slip on Wall Street as worldwide rally takes a pause

By Stan Choe </p><p>and Damian J. Troise Associated Press Associated Press

NEW YORK – Wall Street tapped the brakes on its recent record-setting rally Friday with a mixed finish for the major stock indexes, though the S&P 500 still ended the week with its third weekly gain in four.

The benchmark index fell 0.3%, snapping a three-day winning streak, but notched a 1.9% gain for the week. The Nasdaq eked out another record high. So did the Russell 2000 index of smaller companies, which traders have been favoring amid expectations of stronger economic growth later this year.

The uneven finish for U.S. stock indexes followed a slide in global

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