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Stocks end down week with modest gain

7:12 AM, Nov 19, 2012   |    comments
A sign for Wall Street is seen just outside the New York Stock Exchange.(Photo: Timothy A. Clary, AFP/Getty Images)
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NEW YORK (AP) - A truncated trading week on Wall Street finds the Dow at 12,588, coming off four straight weekly declines.

Worries about the "fiscal cliff" of tax hikes and spending cuts that could hit in the new year have weighed on the market since Election Day, as have some disappointing corporate earnings reports.

But the week ended on a more optimistic note, after congressional leaders emerged from a White House meeting reporting progress in talks about cutting the government's budget deficit.

The blue-chip index broke a three-day losing streak Friday, gaining 46 points.

The broader indexes were also modestly higher Friday, after a mostly down week. The S&P 500 index rose seven points to 1,360. The Nasdaq added 16 points to 2,853.

For the year, the Dow is up about 3 percent, while the S&P has gained more than 8 percent and the Nasdaq is up 9.5 percent.








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