Buffalo stocks fell this week, led by General Motors Corp., HSBC Holdings Plc and National Fuel Gas Co.
The Buffalo Bloomberg Stock Index fell 4.87, or 2.5 percent, to 188.04 this week. Decliners outnumbered gainers 41 to 10, with one stock unchanged. The employee-weighted list of 52 companies with operations in the region set a 52-week closing high of 210.50 on March 27, and a 52-week closing low of 160.20 on July 14.
GM fell $1.75 to $68.25. The New York Times reported that investor Carl Icahn sold his stake in GM a month after buying it.
American depositary receipts of HSBC Holdings, the U.K.'s No. 1 bank, fell $1.81 to $69.25.
National Fuel Gas fell $4.14 to $53.81.
Among this week's gainers, Royal Ahold NV, which owns Tops Markets, rose 63 cents to $27.75.
Niagara Mohawk Holdings Inc. rose 30 cents to $15.63.