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No Miracle on Wall Street

Stock quotes in this article: RHT , QCOM , RIMM , MU , CMG , WAG  

Updated from 4:10 p.m. EST

Christmas spirit was in short supply in New York on Friday, and stocks finished to the downside ahead of a long holiday weekend and the last trading week of 2006.

The Dow Jones Industrial Average lost 78.03 points, or 0.63%, to 12,343.22, and the S&P 500 was off 7.54 points, or 0.53%, at 1410.76. The Nasdaq Composite fell 14.67 points, or 0.61%, to 2401.18.

Ken Tower, chief market strategist with CyberTrader, argues that while the market's behavior represents a threat to the bull case, there's not a reason for panic. ...

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Dow Jones S&P 500 NASDAQ 10-Year Note
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Oil *
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