It Was A Bad Week On Wall Street

WASHINGTON (October 12, 2012)--The stock market closed out its worst week since early June on Friday after the first round of U.S. corporate earnings reports failed to get investors excited.

Major indexes closed little changed on Wall Street where the Dow Jones industrial average managed a gain of just two points to close at 13,329 after spending most of the day slightly lower.

The Standard & Poor's 500 lost four to close at 1,429 and the Nasdaq composite fell five points to end the day at 3,044.

All three indexes are down at least 2 percent for the week, the biggest weekly declines since early June.

Banks fell after Wells Fargo missed analysts' revenue estimates.

Falling stocks outnumbered rising ones nearly two-to-one on the New York Stock Exchange.

Volume was slightly lighter than average at 3 billion shares.


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