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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  • by Gerry Location: Tallahassee on Feb 22, 2012 at 09:47 PM
    I didn't make the comment at 8:23 PM. I see that Fake Gerry is still getting an enormous kick from sophomoric acts of petty vandalism.
  • by Gerry Location: Tallahassee on Feb 22, 2012 at 09:47 PM
    I didn't make the comment at 8:23 PM. I see that Fake Gerry is still getting an enormous kick from sophomoric acts of petty vandalism.
  • by Gerry on Feb 22, 2012 at 05:23 PM
    Obama is cutting taxes to the rich corpoartions!!!!! He is no better than Bush but since he has a (D) after his name I still love him.
  • by Gerry Location: Tallahassee on Feb 22, 2012 at 02:31 PM
    As of 17:00 ET, Feb 22, the US borrows for 10 years at 2.00%. Total US national debt on 2/21/12 = $15.420 trillion. On 1/20/09 = $10.627 trillion. On 1/20/01 = $5.728 trillion. Increase in total national debt during Obama's administration = $4.793 trillion. During George W. Bush's administration = $4.899 trillion. Increase in total nation debt during the last thirteen (13) months of Obama's administration = $1.364 trillion. During the last twelve (12) months of Bush's administration = $1.438 trillion. Source for debt info = treasurydirect.gov.
    • reply
      by Anonymous on Feb 23, 2012 at 04:24 AM in reply to Gerry
      How much was our interest payment last year with record low rates?
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