Originally published Friday, October 16, 2009 at 2:15 PM
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How the major stock indexes fared on Friday
Stocks ended a strong week with a flash of selling after Bank of America Corp. and General Electric Co. signaled that businesses and consumers are still struggling to pay off their debts. Stocks slid Friday as results from the companies dented hopes that earnings would show strong signs of improvement in the July-September period. A rise in oil also helped the market end well off its lows, following a similar pattern from earlier in the week.
The Associated Press
Stocks ended a strong week with a flash of selling after Bank of America Corp. and General Electric Co. signaled that businesses and consumers are still struggling to pay off their debts. Stocks slid Friday as results from the companies dented hopes that earnings would show strong signs of improvement in the July-September period. A rise in oil also helped the market end well off its lows, following a similar pattern from earlier in the week.
The Dow fell 67.03, or 0.7 percent, to 9,995.91.
The Standard & Poor's 500 index fell 8.88, or 0.8 percent, to 1,087.68.
The Nasdaq composite index fell 16.49, or 0.8 percent, to 2,156.80.
For the week:
The Dow is up 130.97, or 1.3 percent.
The S&P is up 16.19, or 1.5 percent.
The Nasdaq is up 17.52, or 0.8 percent.
For the year:
The Dow is up 1,219.52, or 13.9 percent.
The S&P is up 184.43, or 20.4 percent.
The Nasdaq is up 579.77, or 36.8 percent.
UPDATE - 07:50 AM
Bernanke outlines plan for pulling in stimulus aid
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UPDATE - 08:06 AM
Stocks fall on Bernanke points to end of stimulus
UPDATE - 07:53 AM
AP sources: FAA eyes hefty fines for American
NEW - 08:14 AM
More recalls likely amid caution after Toyota woes
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