Stocks Close Lower After Long Winning Streak

By: AP Email
By: AP Email

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.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KOLO-TV 4850 Ampere Drive Reno, NV 89502
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 198510891