Trader Joseph Lawler, right, works on the floor of the New York Stock Exchange Tuesday, March 12, 2013. Stocks are edging lower on Wall Street in early trading following a seven-day rally. (AP Photo/Richard Drew)
-
Trader Joseph Lawler, right, works on the floor of the New York Stock Exchange Tuesday, March 12, 2013. Stocks are edging lower on Wall Street in early trading following a seven-day rally. (AP Photo/Richard Drew)
-
Patrick Casey, center, works with fellow traders on the floor of the New York Stock Exchange Tuesday, March 12, 2013. Stocks are edging lower on Wall Street in early trading following a seven-day rally. (AP Photo/Richard Drew)
-
Trader Robert Arciero works on the floor of the New York Stock Exchange Tuesday, March 12, 2013. Stocks are edging lower on Wall Street in early trading following a seven-day rally. (AP Photo/Richard Drew)
-
FILE - In this Feb. 8, 2013 file photo. Trader Peter Costa, left, works on the floor of the New York Stock Exchange, in New York. Stock markets in Hong Kong, mainland China and Seoul were among those closed Monday, Feb. 11, 2013, for the Lunar New Year holiday. Japanese markets were also shut for a public holiday. European stocks were mostly higher in early trading, while Wall Street futures signaled gains ahead of the opening bell. (AP Photo/Richard Drew, File)
-
Specialist Donald Civitanova, right, works at his post on the floor of the New York Stock Exchange Friday, March 8, 2013. Stocks are opening higher on Wall Street after the government reported a burst of hiring last month that sent the unemployment rate to a four-year low. (AP Photo/Richard Drew)
-
Specialist John McNierney, right, works on the floor of the New York Stock Exchange Friday, March 8, 2013. Stocks are opening higher on Wall Street after the government reported a burst of hiring last month that sent the unemployment rate to a four-year low. (AP Photo/Richard Drew)
-
Traders work in their booth on the floor of the New York Stock Exchange Friday, March 8, 2013. Stocks are opening higher on Wall Street after the government reported a burst of hiring last month that sent the unemployment rate to a four-year low. (AP Photo/Richard Drew)
-
FILE - In this Tuesday, March 5, 2013, file photo, specialist Christian Sanfillippo, right, smiles as he works at his post on the floor of the New York Stock Exchange. The Dow's new all-time high and better economic data from the United States propelled world stock markets higher Wednesday March 6, 2013. (AP Photo/Richard Drew, File)
-
FILE -In this Tuesday, Feb. 26, 2013, file photo, Trader Gordon Charlop, right, works on the floor of the New York Stock Exchange. World stock markets shared Wall Street's ebullience and turned higher Thursday March 14, 2013 ahead of the release of U.S. jobless claims. (AP Photo/Richard Drew, File)
-
Trader John Panin, left, works on the floor of the New York Stock Exchange Wednesday, March 13, 2013. Investors are calling an end to the past week's remarkable rally, with many cashing in on stocks Wednesday despite more strong economic data out of the U.S. (AP Photo/Richard Drew)
US stocks close lower, ending winning streak
NEW YORK (
AP) — U.S. stocks fell Friday, ending the longest winning streak for the Dow Jones industrial average in nearly 17 years.
The Dow dropped 25 points to close at 14,514. The Standard & Poor's 500 index fell two points to 1,560. The Nasdaq composite index dropped nine points to 3,249.
The Dow notched a 10-day winning streak through Thursday, its longest since November 1996.
Trading was tentative because investors fear that rising inflation will cause the Federal Reserve to retreat from policies aimed at boosting markets. The government said that consumer prices increased in February at the fastest pace in more than three years.
Declining stocks outpaced advancing ones on the New York Stock Exchange. Volume was above average at 4.9 billion shares.
Tags:
ap, federal reserve, new york stock exchange, dow, dow jones & company, points, york stock exchange, thursday, jones industrial average, exchange-traded fund, nasdaq composite index, american stock market indices, poor, standard, investors, friday, dow jones industrial average, nasdaq, stock, business, inflation, policies, stocks, shares, new york, trading, volume, fastest pace, longest winning streak, winning streak, u.s. stocks, consumer prices, panic of 1907, 10-day winning streak
Print Page
