Stocks fell across the board Friday, as investors fled from disappointing earnings from J.P. Morgan (JPM) and the ongoing turmoil in Europe, following Standard & Poor‘s downgrade of nine countries.
At the close, the Dow Jones Industrial Average (DJIA) fell 48.96 points, or 0.39%, to 12422.06, recovering some ground after a triple-digit plunge earlier in the day. The S&P 500 (SPX) was off 6.41 points, or 0.49%, to 1289.09, and the Nasdaq (COMPQ) finished down 14.03 points, or 0.51%, to 2710.67.
Still, all three indexes logged their second week of gains in 2012: The Dow is up 0.5% since Monday, while the S&P gained 0.9% for the week and the Nasdaq moved up 1.4%.
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