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Stocks drop for sixth week; Dow off 172 points

SAN FRANCISCO (MarketWatch) -- U.S. stocks tumbled Friday on worries about the global economy and a selloff in energy stocks, ensuring the sixth week of losses for the benchmark indexes. The Dow Jones Industrial Average (DJI:DJIA) ended down 172.45 points, or 1.4%, to 11,951.91, led by 3% drops in Pfizer Inc. (NYSE:PFE) and Travelers Co. (NYSE:TRV) shares. The S&P 500 (SNC:SPX) lost 18.02 points, or 1.4%, to 1,270.98, with energy stocks off the most after oil prices fell nearly 3%. The Nasdaq Composite (NASDAQ:COMP) was down 41.14 points, or 1.5%, to 2,643.73. For the week, the Dow average has lost 1.6%, the S&P 500 has fallen 2.2%, and the Nasdaq Composite has fallen 3.3%. For the Dow and the S&P 500, it was the sixth straight week of losses.

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Luis

813-265-9699


Posted by Luis Aponte on June 10th, 2011 5:44 PMPost a Comment (0)

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