A slew of U.S. companies announced big profits Thursday, but investors spooked about the economy sold stocks anyway. Investors shifted between buying and selling early on, then stuck with selling after deciding that strong earnings results weren't enough to make up for weak reports on jobs, housing and manufacturing.
The Dow Jones industrial average fell 68.65 points, or 0.5 percent, to close at 12,964.10.
The Standard & Poor's 500 fell 8.22 points, or 0.6 percent, to 1,376.92.
The Nasdaq composite index fell 23.89 points, or 0.8 percent, to 3,007.56.
For the week so far:
The Dow is up 114.51 points, or 0.9 percent.
The S&P 500 is up 6.66 points, or 0.5 percent.
The Nasdaq is down 3.77 points, or 0.1 percent.
For the year so far:
The Dow is up 746.54 points, or 6.1 percent.
The S&P 500 is up 119.32 points, or 9.5 percent.
The Nasdaq is up 402.41 points, or 15.5 percent.