Stocks fell for a third straight day Friday as a disappointing outlook from computer maker Dell Inc. suggested that an economic recovery could be uneven. The market, which has been shuttling between concerns about the economy and traders' need to find high-yielding investments, is back to worrying about the economy. Demand for safe haven investments like Treasurys and the dollar rose for a second day in response to Dell's outlook and comments from European Central Bank President Jean-Claude Trichet, who said the ECB plans to start reining in some of its stimulus programs. A rising dollar also hit commodities producers and exporters.
The Dow Jones industrial average fell 14.28, or 0.1 percent, to 10,318.16.
The Standard & Poor's 500 index fell 3.52, or 0.3 percent, to 1,091.38.
The Nasdaq composite index fell 10.78, or 0.5 percent, to 2,146.04.
For the week:
The Dow is up 47.69, or 0.5 percent.
The S&P is down 2.10, or 0.2 percent.
The Nasdaq is down 21.84, or 1.0 percent.
For the year:
The Dow is up 1,541.77, or 17.6 percent.
The S&P is up 188.13, or 20.8 percent.
The Nasdaq is up 569.01, or 36.1 percent.