Stocks End The Week And The Quarter On Down Note

NEW YORK (September 28, 2012)—The week and the third quarter both ended on a down note Friday on Wall Street where the Dow Jones industrial average ended the day down 49 points at 13,437.

The Standard & Poor's 500 index closed down six at 1,441.

The Nasdaq composite index finished the day down 20 at 3,116.

It was the fifth loss in six trading sessions for the Dow and the sixth in the last seven sessions for the S&P.

Investors were still nervous about Spain, even though the results of stress tests for the nation's most troubled banks provided no surprises.

A report showing that high gasoline prices were the only reason that U.S. consumer spending rose last month also weighed on market sentiment.

Even with the declines, the three major indices are posting solid gains for the quarter.


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