Markets Right Now: Stocks fall for the first time this week

NEW YORK (AP) — The latest on developments in financial markets (All times local):4 p.m.

Stocks are closing slightly lower on Wall Street, erasing the market's gains from a day earlier.

Technology stocks fell the most Thursday. Apple lost 1.7 percent.

Supermarket operators and other consumer-focused stocks also fell. Kroger slid 2.8 percent.

"Harry Potter" publisher Scholastic sank 7 percent after reporting a disappointing quarter.

Industrial companies and banks led the gainers. General Electric rose 1.8 percent.

It was the first decline for the market this week.

The Standard & Poor's 500 index slipped 7 points, or 0.3 percent, to 2,500.

The Dow Jones industrials fell 53 points, or 0.2 percent, to 22,359.