NEW YORK—General Motors Corp. shares took the biggest loss on the Dow Jones industrial average Friday, following a jump in oil prices and a surprise rise in home construction.
GM's stock declined 55 cents, or 2.6 percent, to $20.68, giving up some of Thursday's gains.
The blue chip index lost 5.86 points to 12,986.80, with 17 stocks declining and two stocks flat.
Citigroup Inc. fell 61 cents, or 2.6 percent, to $23.12, after the company suggested a sale of its German retail bank may be on the table.
Credit card issuer American Express Co. said more customers missed payments in April, and shares slipped $1.18, or 2.4 percent, to $48.68.
On the rising side, oil companies gained as the price of crude moved into record territory.
Chevron Corp. rose $1.89 to $100.38, and reached an all-time high of $100.47 in intraday trading, while Exxon Mobil Corp. added $1.37 to $92.67.
Hewlett-Packard Co. advanced 56 cents to $47.29.
