Stocks end lower as investors eye oil Stocks closed Friday lower as a session with sparse economic data gave investors little reason to make any major moves. The S&P 500 has traded in a tight range in the past two weeks, mostly holding on to a gain of nearly 9 percent since the beginning of the year. Even though both the Nasdaq and S&P were on track for their third straight weekly advance, gains were limited as economic data throughout the week cast some doubt on the strength of the economic recovery. The news continues to be conflicted. That is why you see this market. We are not racing away any more. We are stuck right at" these numbers, said Ken Polcari, managing director of ICAP Equities in New York. You just have the markets in this holding pattern, biding their time. Everyone is trying to figure out what the answer is going to be. Investors were keeping a close eye on oil prices, which have risen more than 15 percent since the start of February. U.S. crude oil futures fell 2.3 percent to under $107 a barrel a day after hitting a 10-month high above $110 on supply concerns in the Middle East. "We've had a pretty big move since the end of the third quarter last year that has been driven by a variety of factors, but we are maybe at a point now where the market needs to digest some of the move that it has had," said Doug Foreman, director of equities at Kayne Anderson Rudnick in Los Angeles. If we have some big event in the Middle East with Iran or what have you, then obviously, that could throw a monkey wrench into things in the short run. Yelp Inc's stock surged on its debut, at one point up more than 70 percent from its IPO price. Wynn Resorts Ltd shares rose after the company disclosed in a regulatory filing a land concession has been published in the official gazette of Macau. That was off the stock's intraday high of $132.59. The stock had been halted earlier in the session pending disclosure of news. Shares of Shutterfly Inc jumped after bankrupt Eastman Kodak agreed to sell its online photo services business to Shutterfly for $23.8 million.