How the major stock indexes fared on Friday

AP News
|
Posted: May 11, 2012 5:10 PM
How the major stock indexes fared on Friday

Stocks fell on Friday after JPMorgan said it lost $2 billion on poorly-thought-out trades. JPMorgan's 9.3 percent decline was responsible for most of the 34-point decline in the Dow Jones industrial average, with a little help from Bank of America, Cisco, and Hewlett-Packard.

Tech stocks were flat, with the Nasdaq posting a tiny advance. Microsoft and Intel both rose on positive commentary from Intel.

The Dow Jones industrial average fell 34.44 points, or 0.3 percent, to close at 12,820.60.

The Standard & Poor's 500 index fell 4.60 points, or 0.3 percent, to 1,353.39.

The Nasdaq composite rose 0.18 points, or 0.01 percent, to 2,933.82.

For the week:

The Dow is down 217.67 points, or 1.7 percent.

The S&P 500 is down 15.71 points, or 1.2 percent.

The Nasdaq is down 22.52 points, or 0.8 percent.

For the year so far:

The Dow is up 603.04 points, or 4.9 percent.

The S&P 500 is up 95.79 points, or 7.6 percent.

The Nasdaq is up 328.67 points, or 12.6 percent.