The stock market pulled back on Friday a day after a key index hit a record high.
An impasse in negotiations between Greece and its creditors and worries about a stock bubble in China weighed on the market. Energy stocks were among the biggest decliners as oil prices fell.
Among individual stocks, chocolate company Hershey slumped after cutting its revenue forecast.
Stocks are on track to log their best week in almost two months after the Federal Reserve said Wednesday that it wanted to see more improvement in the economy and signs of inflation before raising interest rates from historically low levels.
KEEPING SCORE: The Dow Jones industrial average fell 97 points, or 0.5 percent, to 18,017 at 3:06 p.m. Eastern Time. The Standard & Poor's 500 index slipped 10 points, or 0.5 percent, to 2,111. For the week the index is up 0.8 percent for week, its biggest gain since the week of April 24.
The Nasdaq composite lost 16 points, or 0.3 percent, to 5,116. The Nasdaq set a record the day before.
THE QUOTE: "Even without the events in Greece hovering over the market and causing concern over the negotiations, a move like yesterday is typically followed by a bit of a pullback," said Quincy Krosby, market strategist for Prudential Financial.
UNAPPETIZING OUTLOOK: Hershey fell 3.3 percent after the chocolate and candy maker and cut its revenue outlook for the year because of weak demand in China. The company also said it plans to cut about 300 jobs by the end of the year. The stock lost $3.20 to $89.06.
DISAPPOINTING SALES: CarMax fell 1.8 percent after the used car dealership chain reported fiscal first-quarter sales that fell short of forecasts. The stock shed $1.28 to $70.68.
STRONG RESULTS: KB Home climbed 10.1 percent after the homebuilder's latest quarterly earnings beat Wall Street's expectations. Earnings got a boost from higher home prices. The stock added $1.62 to $16.58.
A FOOTHOLD: Investors welcomed news that activist investor firm Jana partners has taken a 7.2 percent stake in ConAgra Foods. Jana said ConAgra's results have been disappointing since it bought Ralcorp, the owner of Post cereals, in January 2013, and asked the packaged food company to extend the deadline for nominating board candidates.
ConAgra, the maker of Slim Jim meat snacks and Swiss Miss hot chocolate drinks, jumped $3.77, or 9.6 percent, to $42.89.
EUROPE: Markets were mixed in Europe. The European Central Bank agreed to provide temporary support for Greece's banks ahead of an emergency summit meeting next week. That meeting could determine Greece's future in the euro.
Greece's main stock index has slumped 11 percent this week.
ASIA'S DAY: In China, the main stock index plunged, raising concerns that a bubble in the market may have burst. The Shanghai Composite Index tumbled 6.4 percent and is 13 percent lower for the week. The index has more than doubled in the past year.
CURRENCIES: The dollar fell to 122.61 yen from 123.04 yen on Thursday. The euro fell against the dollar to $1.1357 from $1.1371.
ENERGY: Benchmark U.S. crude fell 84 cents to $59.61 a barrel on the New York Mercantile Exchange.
METALS: In metals trading, the price of gold was little changed at $1,201.90 an ounce. Silver dropped 4.4 cents to $16.11 an ounce. Copper declined 3.7 cents to $2.57 a pound.
BONDS: U.S. government bond prices rose. The yield on the 10-year Treasury note, which falls when prices rise, dropped to 2.27 percent from 2.32 percent late Thursday.
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