How the Dow Jones industrial average fared Friday
Major stock indexes closed out their first weekly loss in a month in quiet trading Friday.
Both the Dow and S&P 500 had their first weekly losses since the week ending April 19. A disappointing manufacturing report out of China and a sharp fall in Japan’s stock market rattled investors’ nerves this week. But anxiety over the Federal Reserve’s bond-buying program was the main culprit. Some investors interpreted comments from Fed officials to mean that the bank may start pulling its support for the economy sooner than they expected.
Trading will be closed Monday for Memorial Day.
The Dow Jones industrial average rose 8.60 points, or 0.1 percent, to 15,303.10.
The Standard & Poor’s 500 index fell 0.91 point, less than 0.1 percent, to 1,649.60.
The Nasdaq composite index fell 0.27 point, or less than 0.1 percent, to 3,459.14.
For the week:
The Dow is down 51.30 points, or 0.3 percent.
The S&P 500 is down 17.87 points, or 1.1 percent.
The Nasdaq is down 39.83 points, or 1.1 percent.
For the year:
The Dow is up 2,198.96 points, or 16.8 percent.
The S&P 500 is up 223.41 points, or 15.7 percent.
The Nasdaq is up 439.63 points, or 14.6 percent.
(Copyright 2013 by The Associated Press. All Rights Reserved.)