Stocks Fall on Higher European Borrowing Costs

By: Joshua Freed, AP
By: Joshua Freed, AP

New York, NY (AP) - It was another losing week on Wall Street.

Stocks closed lower on Friday and finished the week down after worries about Europe returned.

The Dow Jones industrial average lost 137 points to close at 12,850. The Dow was down all day but the losses got worse in the last half-hour.

The Standard & Poor's 500 index fell 17 points to 1,370. The Nasdaq composite fell 44 points to 3,011.

The Dow ended the week down 1.6 percent, it second down week in a row. It's still up 5.2 percent for the year.

Stock indexes in Europe fell after borrowing costs for Spain's government rose again.

Declining stocks outnumbered rising ones three-to-one on the New York Stock Exchange. Trading volume was light at 3.5 billion shares.


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