The Russell 2000 index of small-capitalization stocks also declined, while the Dow Jones Transportation Average an index of 20 shipping, railroad and airline stocks that is considered a bellwether of economic activity dropped 1.2%.

WSJ: Stocks Hit New Highs

The Dow Jones Transportation Average a 20-member index of airlines, railroads and trucking companies slumped 5.9% this week, the largest weekly decline since November 2011, and is down 2.2% this year.

WSJ: Dow Ends Lower in Late Selloff