NEW YORK ( TheStreet) -- Stocks closed mixed Friday as the highest reading on consumer sentiment in more than four years limited the fallout from JPMorgan Chase's (JPM) surprise $2 billion trading loss.
The performance capped a second consecutive week of losses for the major U.S. equity indices with trading driven by resurgent worries about Europe following transformational elections in France and Greece that cast doubt on region's ability to commit to austerity. There were also signs of growing cracks in the Spanish banking system.
The Dow Jones Industrial Average fell 34 points, or 0.27%, to close 12,820.60. The blue-chip index fell 1.7% for the week, and is now up 4.9% so far in 2012.
The S&P 500 lost 4.6 points, or 0.34%, to finish at 1353.39. The index lost 1.1% on the week, and is up 7.6% year-to-date on a price basis.The Nasdaq rose less than a point, or 0.01%, to settle at 2933.82. It slumped 0.8%% on the week, and stands with a gain of 12.6% for 2012.
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