US stocks fall, extending a loss for the week, after disappointing reports on the US economy

June 14, 2013 at 9:24PM
Trader Michael Hagis works on the floor of the New York Stock Exchange Tuesday, June 11, 2013. Stocks are falling in early trading on Wall Street, following global markets lower after the Bank of Japan declined to take further action to shore up that country's financial system.
Trader Michael Hagis works on the floor of the New York Stock Exchange Tuesday, June 11, 2013. Stocks are falling in early trading on Wall Street, following global markets lower after the Bank of Japan declined to take further action to shore up that country's financial system. (Associated Press - Ap/The Minnesota Star Tribune)

NEW YORK — Stocks are ending a choppy week lower after disappointing reports on the U.S. economy.

The Dow Jones industrial average lost 105 points, or 0.7 percent, to 15,070 Friday. The Dow fell 1.2 percent this week.

The Standard & Poor's 500 index gave up nine points, or 0.6 percent, to 1,626. Banks and energy stocks fell the most. The only industry group that rose was utilities.

The Nasdaq composite fell 21 points, or 0.6 percent, to 3,423.

The market got no help from the latest news on the economy. Factories weren't as busy as expected, and a survey of consumer sentiment fell in June compared with the previous month.

More stocks fell than rose on the New York Stock Exchange. Trading volume was lighter than usual, 2.9 billion shares.

about the writer

about the writer

More from Business

See More
Hennepin Healthcare Clinic and Specialty Center,l 8th Street between Park Av and Chicago Av.
The Minnesota Star Tribune

Minneapolis-based Hennepin Healthcare says it also will suspend contributions to some worker retirement plans while pausing $24 million in capital projects.

The newly renovated Parkway Theater is next door to the new restaurant El Burrito Mercado.
card image