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US stocks slip; Yelp jumps 60 percent after IPO

Matthew Craft, AP Business Writer

In this Feb. 28. 2012 photo, specialist John O'hara, right, talks with trader Gerard Farco, center, on the floor of the New York Stock Exchange. Markets were steady Friday as a two-day summit of EU leaders headed to a conclusion with the signing of a treaty that is designed to prevent a repeat of the debt crisis that's rocked financial markets for the best part of two years. (AP Photo/Richard Drew)

NEW YORK (AP) -- Stock indexes are closing with slight losses after energy companies helped drag the market down. The Dow Jones industrial average ended the week lower, its third losing week this year.

The Dow fell 3 points to close at 12,978.

Yelp jumped 64 percent on its first day of trading after its initial public offering.

The S&P 500 index fell 4 points, or 0.3 percent, to 1,370. The Nasdaq composite index dropped 13 points, or 0.4 percent, to 2,976.

Both the Dow and Nasdaq are trading below milestones hit earlier this week. The Dow closed above 13,000 on Tuesday for the first time since May 2008.

More than two stocks fell for every one that rose on the New York Stock Exchange. Trading volume was light at 3.3 billion shares.