U.S. Stocks Slip; Yelp Jumps 60 Percent After IPO

By: Associated Press
By: Associated Press

New York, NY (AP) - Stock indexes are closing with slight losses after energy companies helped drag the market down. The Dow Jones industrial average ended the week lower, its third losing week this year.

The Dow fell 3 points to close at 12,978.

Yelp jumped 64 percent on its first day of trading after its initial public offering.

The S&P 500 index fell 4 points, or 0.3 percent, to 1,370. The Nasdaq composite index dropped 13 points, or 0.4 percent, to 2,976.

Both the Dow and Nasdaq are trading below milestones hit earlier this week. The Dow closed above 13,000 on Tuesday for the first time since May 2008.

More than two stocks fell for every one that rose on the New York Stock Exchange. Trading volume was light at 3.3 billion shares.

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  • by Reagan Republican on Mar 4, 2012 at 03:23 PM
    Love how sheeple twist facts to fit their beliefs rather than twisting beliefs to fit facts.
    • reply
      by Gerry on Mar 5, 2012 at 06:48 AM in reply to Reagan Republican
      I am laughing at you. Which facts are twisted? In other words, which facts are not facts?
      • reply
        by Gerry on Mar 6, 2012 at 10:21 AM in reply to Gerry
        George Bush and Obama have a foot race. George wins by 5 seconds and "Gerry" reports George finished next to last and Obama finished second....... true but twisted
  • by Gerry Location: Tallahassee on Mar 3, 2012 at 08:04 AM
    The last year of the Bush administration, the US accumulated $1.438 trillion in total debt. Since January 20, 2011, the US has accumulated $1.445 trillion in total debt. That's a difference of 7 billion dollars. The time since last January 20, 2011 is about a year and 6 weeks. So the rate at which total debt is growing is definitely decreasing, and is now actually slower than it was in the last year of the Bush administration.
    • reply
      by Anonymous on Mar 4, 2012 at 03:24 PM in reply to Gerry
      gerry finally writes a sentence instead of cutting and pasting and he is showing his mental state again.
  • by Gerry Location: Tallahassee on Mar 2, 2012 at 02:43 PM
    As of 17:00 ET, Mar 2, the US borrows for 10 years at 1.97%. Total US national debt on 3/1/12 = $15.501 trillion. On 1/20/09 = $10.627 trillion. On 1/20/01 = $5.728 trillion. Increase in total national debt during Obama's administration = $4.874 trillion. During George W. Bush's administration = $4.899 trillion. Source for debt info = treasurydirect.gov.
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