The bull is on summer vacation: Stocks dip

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NEW YORK (CNNMoney)

The Dow Jones Industrial Average, the S&P 500, and the Nasdaq edged lower early Friday. Barring a big move higher later in the day, the major indexes will close with a loss for the week.

Stock market trading is typically muted in August.

U.S. stocks ended slightly higher Thursday, though that followed a three-day losing streak. This week notwithstanding, stocks have been on fire this year, jumping between 18% and 23%.

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Can Priceline top $1,000? Even though the broader market wasn't doing much, there were several high-profile stocks on the move. Priceline.com (PCLN) shares moved closer to $1,000. The online travel company posted quarterly earnings Thursday that beat expectations.

J.C. Penney (JCP, Fortune 500) shares fell more than 3%, one day after gaining 7%. Reports that the struggling retailer began its search for a new CEO to replace its interim head executive, Mike Ullman have taken the retailer's stock on a wild ride.

Related: Fear & Greed Index, still idling in neutral

Shares of Blackberry (BBRY) surged, after Reuters reported that the Canadian smartphone company is looking for a buyer to take it private.

On the international stage, both European markets and Asian stocks moved slightly higher.

First Published: August 9, 2013: 9:42 AM ET

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