NEW YORK (November 9, 2012)--The stock market closed one of its worst weeks this year Friday as traders worried about the possibility that a divided Washington may not act in time to avert a series of tax increases and harsh spending cuts by the beginning of next year.
An early rally on Wall Street had mostly evaporated by the close Friday, leaving major indexes down more than 2 percent for the week.
The Dow Jones industrial average wound up with a gain of just less than four points to close at 12,815.
The Standard & Poor's 500 index edged up two points to end the day at 1,380.
The Nasdaq rose nine to close at 2,904.
Falling stocks slightly outnumbered rising ones on the New York Stock Exchange where volume was slightly above the recent average at 3.6 billion shares.