U.S. stock indexes close strong month and quarter to 13,437.
Posted: Fri Sep 28, 2012 6:15 pmU.S. stock indexes close strong month and quarter to 13,437.13
from MarketWatch.com - MarketPulse
NEW YORK (MarketWatch) - U.S. stocks fell Friday as an unexpected contraction in a gauge of business activity in the Midwest had Wall Street cutting still-sizeable third quarter and September gains. "We had a heck of a good quarter and month for stocks beyond what anyone thought," said Stuart Hoffman, chief economist at PNC Financial Services Group. "Now we're having a step backward as some of the QE3-inspired gains dissipate." The Dow Jones Industrial Average declined 48.84 points, or 0.4%, to 13,437.13, up 4.3% for the third quarter and 2.7% for the month. The S&P 500 declined 6.48 points, or 0.5%, to 1,440.67, up 5.8% for the quarter and 2.4% for September. The Nasdaq Composite lost 20.37 points, or 0.7%, to 3,116.23, leaving it up 6.2% for the quarter and 1.6% for September. September, historically a poor month for Wall Street, this year marked a fourth month of consecutive gains.
from MarketWatch.com - MarketPulse
NEW YORK (MarketWatch) - U.S. stocks fell Friday as an unexpected contraction in a gauge of business activity in the Midwest had Wall Street cutting still-sizeable third quarter and September gains. "We had a heck of a good quarter and month for stocks beyond what anyone thought," said Stuart Hoffman, chief economist at PNC Financial Services Group. "Now we're having a step backward as some of the QE3-inspired gains dissipate." The Dow Jones Industrial Average declined 48.84 points, or 0.4%, to 13,437.13, up 4.3% for the third quarter and 2.7% for the month. The S&P 500 declined 6.48 points, or 0.5%, to 1,440.67, up 5.8% for the quarter and 2.4% for September. The Nasdaq Composite lost 20.37 points, or 0.7%, to 3,116.23, leaving it up 6.2% for the quarter and 1.6% for September. September, historically a poor month for Wall Street, this year marked a fourth month of consecutive gains.