Stocks end week, quarter on down note

AP News
Posted: Sep 28, 2012 4:08 PM
Stocks end week, quarter on down note

NEW YORK (AP) — Stocks are ending the third quarter on a down note.

The Dow Jones industrial average is ending the day down 49 points at 13,437. The Standard & Poor's 500 index is closing down six at 1,441. And the Nasdaq composite index finishes the day down 20 at 3,116.

It's the fifth loss in six trading sessions for the Dow and the sixth in the last seven sessions for the S&P.

Investors are still nervous about Spain, even though the results of stress-tests for the nation's most troubled banks provided no surprises. A report showing that high gasoline prices were the only reason that U.S. consumer spending rose last month also weighed on market sentiment.

Even with the declines, the three major indices are posting solid gains for the quarter.