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Stocks Finish in the Red
Stocks finished slightly lower, with the Dow industrials seeing their first weekly loss in three weeks despite closing above 13000 on Tuesday.
Without major economic data releases or corporate news to provide direction, stocks drifted lower. Indexes fell on the open and continued downward until midafternoon on Friday, then recovered and peaked briefly into positive territory before falling back.burberry bags
The Dow Jones Industrial Average lost 2.73 points, or 0.02%, to 12977.57. The Standard & Poor's 500-stock index dropped 4.46 points, or 0.3%, to 1369.63, and the Nasdaq Composite closed down 12.78 points, or 0.4%, at 2976.19.burberry tote
The Dow fell less than the other indexes primarily on the strength of International Business Machines , which rose $1.28, or 0.7%, to $198.81. The move accounted for nearly 10 points in the Dow's performance.
Otherwise, seven of the S&P's 10 sectors were lower, led by energy and industrial shares. Blue chips were weighed down by American Express , which declined 58 cents, or 1.1%, 52.99.burberry crossbody
Meanwhile, shares of online business-review site Yelp began trading in their stock-market debut, rising 9.58, or 64%, to 24.58. burberry bowling
European markets were mostly lower, with the Stoxx Europe 600 finishing up 0.1%, after rising as much as 0.3%, following the release of weak economic data and after Spain lifted its budget deficit target more than analysts had expected. Retail sales in Germany fell in January while analysts had expected a slight increase. Also, data showed that joblessness in Spain continued to increase in February. Spain already had the highest unemployment rate in the euro zone at 23.3%. |
