Dow Ends Stretch of Weekly Advances
(NEW YORK) — The markets called it a day, with the Dow ending a six-week advance, closing out a dreary week for on Wall Street.
The Dow Jones Industrial Average fell 72.81 points to close at 15,425.51 on Friday. The blue chips index capped a six-week streak of weekly gains that boosted the Dow to record highs.
The Standard & Poor’s 500 index lost 6.06 points, closing at 1,691.42, while the Nasdaq Composite dropped 9.02 points to 3,660.11.
U.S. markets slipped this week due to mixed company earnings reports and disappointing revenue.
Meanwhile, President Obama says he has a range of outstanding candidates to replace Federal Reserve chairman Ben Bernanke, including Lawrence Summers and Janet Yellen, who he says are highly qualified to become the next Fed Chair.
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