The Dow Jones Industrial Average settled down 56 points, or 0.5%, at 12,360 after hitting a session low of 12,333. Despite the losses, the blue chips index posted a more than 1% gain for the holiday-shortened week. The S&P 500 dropped 3 points, or 0.3%, to 1,278, putting the index 1.6% ahead for the week. The Nasdaq tacked on 4 points, or 0.2%, to 2,674 on Friday, and posted a 2.7% gain for the week.
NEW YORK ( TheStreet) -- U.S. stocks finished the first trading week of 2012 with solid gains, even though equities failed to rally amid Friday's better-than-expected jobs data as concerns around Europe's sovereign debt troubles kept investor optimism in check.
2012 Stock Predictions and Outlook
|Your one-stop shop for 2012 stock recommendations and market predictions. |