Stocks closed mostly lower Friday after a day of whipsaw trading. The Dow Jones industrial average traded in a huge range of 400 points. Investors are fearful that the debt crisis in Europe might infect banks there, roiling financial markets worldwide. Stocks opened higher after the government said hiring picked up in July, but the gains were erased within 25 minutes. The Dow closed up but other market indicators were lower.
The Dow Jones industrial average closed up 60.93 points, or 0.5 percent, at 11,444.61.
The Standard and Poor's 500 index fell 0.69 point, or 0.1 percent, at 1,199.38
The Nasdaq composite lost 23.98, or 0.9 percent, at 2,532.41.
For the week to date:
The Dow is down 698.63, or 5.8 percent.
The S&P is down 92.90, or 7.2 percent.
The Nasdaq is down 233.97, or 8.1 percent.
For the year to date:
The Dow is down 132.90, or 1.1 percent.
The S&P is down 58.26, or 4.6 percent.
The Nasdaq is down 120.46, or 4.5 percent.