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Wall Street edges up; indexes post losses

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NEW YORK — Stocks managed to score modest gains on Friday, but the S&P 500 posted its biggest weekly drop since April as investors showed only mild enthusiasm after getting their first glimpses of earnings.

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Shares of Wells Fargo & Co., which fell 0.6 percent to $51.49, were in the spotlight as the biggest U.S. mortgage lender was the first major U.S. bank to report earnings.

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