How the major stock indexes fared Friday

AP News
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Posted: Oct 07, 2011 5:34 PM
How the major stock indexes fared Friday

A three-day rally in the stock market faded after a mixed jobs report and cuts to the credit ratings of Italy and Spain.

U.S. employers added 103,000 jobs last month, about double what economists had expected. The report countered short-term fears that the U.S. might be entering another recession. Yet it offered few signs that strong growth will return soon. The rating agency Fitch cut Spain and Italy's credit ratings, saying they are at greater risk of default because of the spreading debt crisis in Europe.

The Dow Jones industrial average dropped 20.21 points, or 0.2 percent, to 11,103.12.

The S&P 500 index fell 9.51 points, or 0.8 percent, to close at 1,155.46.

The Nasdaq composite index fell 27.47, or 1.1 percent, to 2,479.35.

For the week:

The Dow is up 189.74 points, or 1.7 percent.

The S&P 500 is up 24.04 points, or 2.1 percent

The Nasdaq is up 63.95 points, or 2.6 percent.

For the year to date:

The Dow is down 474.39 points, or 4.1 percent.

The S&P 500 is down 102.18, or 8.1 percent.

The Nasdaq is down 173.52, or 6.5 percent.