US stocks posted their largest weekly drop in more than two months on Friday as earnings reports continued to weigh, but the S&P 500 and Dow managed to close up for April after strong showings mid-month.
Apple shares were down for the tenth session in the last 11 and closed the week down 11.3 percent, the largest such decline since January 2013. Its April fall was of 14 percent.
The Dow Jones industrial average fell 57.12 points, or 0.32 percent, to 17,773.64, the S&P 500 lost 10.51 points, or 0.51 percent, to 2,065.3 and the Nasdaq Composite dropped 29.93 points, or 0.62 percent, to 4,775.36.
The weekly declines were of 1.3 percent for both the Dow and S&P and the Nasdaq fell 2.7 percent. It was the largest weekly drop for the Dow since the week to Feb. 12, and for the S&P and Nasdaq the declines were the largest going back to Feb. 5.
Materials stocks on the S&P 500 fell 0.6 percent Friday, taking the index down 0.3 percent for the week. However its April gain of 4.9 percent adds to advances in February and March that make the three-month increase of more than 20 percent the largest for the sector in any three consecutive months going back to September 2009.
The S&P 500 posted four new 52-week highs and three new lows; the Nasdaq recorded 42 new highs and 32 new lows.
Volume on US exchanges totaled just above 9 billion shares, compared with the 7.0 billion average over the past 20 sessions.
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