Wall Street ends lower as biotechs fall; indexes up for week

[riky]

Wall Street ends lower as biotechs fall; indexes up for week

<p><a href="http://news.yahoo.com/stock-futures-edge-higher-wall-street-track-strong-113701393--sector.html"><img src="http://l3.yimg.com/bt/api/res/1.2/Ug2LgRYHMLS6S5FH.t3qdA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-03-21T154012Z_1_CBREA2K17J200_RTROPTP_2_USA.JPG" width="130" height="86" alt="Traders work on the floor of the New York Stock Exchange" align="left" title="Traders work on the floor of the New York Stock Exchange" border="0" /></a>By Chuck Mikolajczak NEW YORK (Reuters) - U.S. stocks slipped on Friday, as investors booked profits in momentum names heading into the weekend, wiping out early gains that had pushed the S&amp;P 500 to an intraday record high. Biogen Idec Inc , down 8.2 percent at $318.53, and Gilead Sciences Inc , down 4.6 percent at $72.07, were the two biggest drags on the S&amp;P 500. The Nasdaq biotech index fell 4.4 percent. Obviously, it's a momentum sector, and all the momentum names are getting smacked around,&quot; said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey.</p><br clear="all"/>

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