Stocks Close Lower As Rally Stalls

NEW YORK (February 7, 2013)—Stocks closed lower Thursday after a rally, which has pushed indexes close to record levels, stalled as weaker earnings and worries about Europe overshadowed signs of a healthier U.S. economy.

The Dow Jones industrial average lost 42 points to end the day at 13,944 Thursday, after falling as much as 134 points earlier.

The index has traded largely sideways this week, after logging its best January in almost two decades.

The Standard and Poor's 500 fell 3 points to close at 1,509.

The Nasdaq composite also dropped 3 points, to close at 3,165.

Decliner stocks outpaced advancing ones on the New York Stock Exchange where the volume of 3.53 billion shares was above average.

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