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US Stocks Extend Week's Losses After 2-month Rally

Stock quotes in this article: DVN , FE , GM , HIG , LNC , SLB  

TIM PARADIS

NEW YORK (AP) — Investors moved more money out of stocks Friday, further chilling the market's spring rally.

Stocks extended the week's losses as traders accustomed to economic news being "less bad" found little incentive to buy.

The Labor Department said consumer prices in April were flat, as economists predicted. And manufacturing activity in the New York area and industrial production contracted less than economists expected. They also shrank significantly less than they did earlier in the year, fitting a trend seen in most data since early March: that the economy continues to slide, but at a slower pace. ...

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