Stocks closed little changed Thursday on another disappointing jobs report and growing concern over an investigation of banks' foreclosure practices. But the market made up earlier losses as investors anticipated that the Federal Reserve will take steps soon to strengthen the economy.
Bank and other financial stocks fell as more companies suspended foreclosures on homes while taking steps to confirm that they have fully complied with the law. Attorneys general in all the states are investigating whether lenders used flawed documents to foreclose on hundreds of thousands of loans.
The Dow Jones industrial average fell 1.51, or .01 percent, to 11,094.57.
The Standard & Poor's 500 index fell 4.29, or 0.36 percent, to 1,173.81.
The Nasdaq composite index rose fell 5.85, or .24 percent, to 2,435.38.
For the week:
The Dow is up 88.09, or 0.8 percent.
The S&P is up 8.66, or 0.7 percent.
The Nasdaq is up 33.47, or 1.4 percent.
For the year:
The Dow is up 666.52, or 6.4 percent.
The S&P is up 58.71, or 5.3 percent.
The Nasdaq is up 166.23, or 7.3 percent.