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Stocks end a four-day advance

6:01 AM, Apr 15, 2013   |    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) - Investors are hoping the stock market will resume its upward trend today after a brief hiccup on Friday.

That's when a four-day surge came to an end.

The Dow dropped a fraction of a point Friday to close at 14,865. The S&P 500 lost 4 ½ points, or 0.3 percent, to 1,588. But the two major indexes finished the week with strong gains: The Dow rose 2.1 percent, the S&P 500 rose 2.3 percent.

The Nasdaq composite dropped 5 points on Friday.

A handful of reports out Friday heightened concerns about the economy's health. Sales at U.S. retailers fell in March and companies restocked their shelves at a much slower pace in February than in the month before. A measure of consumer sentiment from the University of Michigan also slumped.

This earnings season will likely determine which direction the market takes. This week, Citigroup, Bank of America, Google and other big names turn in their quarterly results.

 

 

 

 

 

Associated Press

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