Wall St. edges up on Intel but posts weekly loss
Intel Corp was one of the S&P 500's biggest gainers and one of Nasdaq's most active names, but overall gains were capped as investors kept a close watch on violence in Iraq that drove oil prices to their highest since September.
Intel shares jumped nearly 7 percent to $29.87 a day after the Dow component raised its full-year revenue outlook, citing stronger-than-expected demand for personal computers used by businesses.
Among other Internet names, Yelp Inc jumped 13.8 percent to $74.92 and GrubHub Inc rose 7 percent to $36.00.
The week's decline was the first after three weeks of consecutive gains on the S&P 500. For the year, the broad market index is up about 4.8 percent.
In macroeconomic news, U.S. consumer sentiment unexpectedly fell in June as views by consumers with the lowest incomes soured, according to the preliminary June read from the Thomson Reuters/University of Michigan's index.
Trading volume was at around 5.07 billion shares on U.S. exchanges, below last month's average of about 5.76 billion, according to data from BATS Global Markets.
Win tickets to see Kip Moore
Win tickets to see Demi Lovato
Win tickets to see the John Butler Trio
Enter to win tickets to see the Dirty Heads
Strategery: A war by any other name
Freeh dumb: Favoritism in Vt.?
Lawyer wants cellphone evidence thrown out
Mexican man pleads guilty in international conspiracy to traffic hundreds of pounds of cocaine
Your Turn, NH -- Ted Menswar Jr.: How Manchester pulled together to honor one of its greats