Wall Street Wrap-Up

Blue-chips stocks sank under surprisingly slow economic data Friday, but technology shares broke a three-day losing streak.

The Dow Jones industrial average declined 2.53 points to 5,156.86, ending in the minus column for the second day in a row after three record-breaking sessions. The Dow index rose 69.73 for the week after setting a new high on Wednesday of 5,199.13.

Declining issues edged out advancers on the Big Board Friday. Volume was light at 327.5 million shares as of 4 p.m., down from Thursday’s pace.

Broad-market indexes ended mostly higher.

Nervous investors sold a wide swath of blue-chip issues to lock in profits. “Most portfolios have done extremely well” this year, explained Michael Metz, Oppenheimer & Co.’s market strategist.

The 30 Dow industrial index components were led lower by Philip Morris, which fell 1-3/8 to 89-1/4.