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Stocks Sell Off Hard

Stock quotes in this article: HON , CAT , MSFT , ETFC , CBH , MBI , TOL , LEN  

Updated from 4:09 p.m. EST

Stocks in the U.S. started the session higher Friday, but the major averages slipped into the red and closed with losses as investors lightened up on some of their recent buys ahead of next week's earnings and Federal Reserve meeting.

The Dow Jones Industrial Average dropped 171.44 points, or 1.38%, to 12,207.17, and the S&P 500 was off 21.46 points, or 1.59%, at 1330.61. The Nasdaq Composite was off 34.72 points, or 1.47%, to 2326.20.

Despite the decline, blue chip indices ended the holiday-shortened week ahead. The Dow tacked on 0.9% for the week, and the S&P 500 added 0.4%. The Nasdaq lagged, losing 0.6% for the week after a near 20% drop in shares of Apple (AAPL Quote). ...

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Dow Jones S&P 500 NASDAQ 10-Year Note
10,344.84 1,095.63 2,144.60 32.01
Oil *
78.55
UP
34.92
UP
4.14
UP
6.16
DOWN
0.30
10 Yr
3.20%
SPDR Gold
115.65
+0.34%
+0.38%
+0.29%
-0.93%
Data delayed 20 minutes

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