Stocks end gloomy 3rd quarter on a weak note
Thursday, September 29, 2011
NEW YORK (AP) -- The worst quarter for the stock market since the financial crisis is ending on another down note.
Stocks fell broadly Friday on fresh signs that Europe's debt problems and the U.S. economy continue to languish.
Investors sold stocks across the board. Financial and industrial stocks had the steepest declines. Each of the 10 company groups in the S&P 500 index fell.
The Dow Jones industrial average closed with a loss of 240 points, or 2.2 percent, to 10,913. The S&P 500 fell 29, or 2.5 percent, to 1,131. The Nasdaq composite fell 65, or 2.6 percent, to 2,415.
The S&P index lost 14 percent in the third quarter.
Four stocks fell for every one that rose on the New York Stock Exchange. Volume was above average at 4.7 billion shares.