Friday's Market: Stocks End Lower, Ending Weak Week on Down Note
Stocks sputtered to a down finish Friday, ending a week marked by light volume, a bit of profit-taking, no catalysts and waiting for Greenspan. And, given the run-up the markets witnessed in April, Wall Street seems just fine with the breather.
The major indices were pressured by strong consumer confidence numbers that raised concerns about the level of interest-rate cuts and a downgrade of IBM(IBM Quote).
The Dow Jones Industrial Average 
shed 89.13 points, or 0.8%, to 10,821.31; the blue-chip index ended the week off 1.2%. The Nasdaq Composite shed 21.4 points, or 1%, to 2107.40; for the week, it fell 4%. The S&P 500 dropped 9.51 points, or 0.8%, to 1245.67. It ended the week down 1.7%.
A downgrade of IBM and worries that another round of earnings warnings is just around the corner also were pressuring stocks, said Tony Dwyer, chief market strategist at market research firm Kirlin Holdings. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,308.26 | 1,096.07 | 2,180.05 | 34.87 |
Oil *
73.22
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132.86
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13.11
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26.86
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1.09
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10 Yr
3.49%
SPDR Gold
107.34
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-1.27%
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-1.18%
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-1.22%
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-3.03%
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