Wall Street Stocks Slide
(NEW YORK) — The Dow Jones Industrial Average logged its strongest first half of the year since 1999. Still, stocks ended Friday trading lower, with the Dow finishing the day down 114 points, at 14,909, and closing out June in the red. It’s the first month this year that stocks have declined.
But things are still looking higher for 2013.
So far, the blue chips index has surged more than 14 percent, while the S&P 500 and Nasdaq have spiked more than 13 percent each.
On Friday, the S&P 500 dropped 7 points to close at 1,606. The Nasdaq Composite added less than 2 points to finish the session at 3,403.
Meanwhile, a measure of consumer confidence remains near a six-year high this month, despite the wild swings in the market. The University of Michigan says its final reading of consumer sentiment last month was 84.1, the highest since July 2007.
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