AP News

Disappointing reports push down US stocks


NEW YORK (AP) — 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.


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