The stock market closed out a remarkable 2009 with a loss as investors bet the improving economy will lead the government to pull back on its stimulus measures. But stocks still managed their best year since 2003 as they recovered from the financial crisis and recession. In the last day of the year, more signs of healing first pleased investors, then had them concerned about the economy's ability to thrive without government help. Light trading volume exaggerated the market's moves.
The Dow Jones industrial average fell 120.46, or 1.1 percent, to 10,428.05.
The Standard & Poor's 500 index fell 11.32, or 1.0 percent, to 1,115.10.
The Nasdaq composite index fell 22.13, or 1.0 percent, to 2,269.15.
For the week:
The Dow is down 92.05, or 0.9 percent.
The S&P is down 11.38, or 1.0 percent.
The Nasdaq is down 16.54, or 0.7 percent.
For the year:
The Dow is up 1,651.66, or 18.8 percent.
The S&P is up 211.85, or 23.5 percent.
The Nasdaq is up 692.12, or 43.9 percent.