How the major stock indexes fared Thursday

AP News
Posted: Sep 08, 2011 5:52 PM
How the major stock indexes fared Thursday

Stocks gave up their morning gains after Federal Reserve Chairman Ben Bernanke offered no specific plans to stimulate the economy in an afternoon speech.

Economic signs were mixed. First-time applications for unemployment rose more than analysts were predicting, a sign that the job market continues to be weak. However, US exports rose to a record level, a signal that some economists say could lead to economic growth.

The Dow Jones industrial average fell 119.05, or 1 percent, to 11,295.81.

The Standard & Poor's 500 index dropped 12.72, or 1.1 percent, to 1,185.90.

The Nasdaq composite shed 19.80, or 0.8 percent, to 2,529.14.

For the week:

The Dow is up 55.55, or 0.5 percent.

The S&P 500 is up 11.93, or 1 percent.

The Nasdaq is up 48.81, or 2 percent.

For the year to date:

The Dow is down 281.70, or 2.4 percent.

The S&P 500 is down 71.74, or 5.7 percent.

The Nasdaq is down 123.73, or 4.7 percent.