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Updated from 4:09 p.m. EDT
Stocks tumbled late in the session Friday and closed lower as a surge in crude prices and a downturn in the financial sector overshadowed a string of positive economic data.
During a volatile session, the Dow Jones Industrial Average gained 100 points and then fell by 100, ultimately ending off 13.66 points, or 0.1%, to 13,408.62. The S&P 500 eased 2.36 points, or 0.16%, to 1503.35, and the Nasdaq Composite gave back 5.14 points, or 0.2%, to 2603.23.
In the financial sector, Merrill Lynch (MER Quote) slid 2.8%, Bear Stearns (BSC Quote) fell 2.8%, Morgan Stanley (MS Quote) lost 1.2%, and Goldman Sachs (GS Quote) dropped 1%. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,464.40 | 1,110.63 | 2,176.05 | 32.79 |
Oil *
77.05
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|
UP
30.69
|
UP
4.98
|
UP
6.87
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DOWN
0.38
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10 Yr
3.28%
SPDR Gold
116.62
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|
+0.29%
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+0.45%
|
+0.32%
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-1.15%
|
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