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Stocks Lower a Day after Dow's Blip Above 13,000

By: Associated Press
By: Associated Press

New York, NY (AP) - Stocks are ending lower for the first time in four trading days and a day after briefly hitting their highest point in nearly four years.

The Dow Jones industrial average is ending down 27 points at 12,938. The day before, it briefly passed 13,000 for the first time since May 2008.

Some investors worried about the details of a bailout deal reached for Greece this week. But analysts say investors were mostly in a holding pattern after seeing the market hit an important psychological mark.

The Standard & Poor's 500 is closing down five points at 1,357. Financial stocks lost the most. The Nasdaq composite index is down 15 to 2,933. Volume was lighter than average. Declining stocks led advancers by about 3-to-2.


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