Decliners finished ahead of advancers by a 2.3-to-1 ratio on the New York Stock Exchange and 2.6-to-1 ratio on the Nasdaq. Volume totaled 3.61 billion on the Big Board and 1.83 billion on the Nasdaq.
The S&P 500 lost more than 13 points, or 0.94%, to settle at 1414. The index closed the week up 0.09% and is up 12.45% year-to-date.
The Nasdaq dropped nearly 38 points, or 1.26%, to finish at 2982. The tech-heavy index finished the week down 0.13% but is still up 14.47% in 2012.
The broad market finished entirely in the red with the basic materials, capital goods, energy, technology and utilities sectors leading the decline.September factory orders rose 4.8%, a turnaround from a decline of 5.2% in August which was the result from a large drop in aircraft orders. "The underlying characteristic of
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