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Dow has its first losing week since June

August 9, 2013

NEW YORK (AP) — Indexes are closing lower on Wall Street, closing out a dreary week for the stock market.

The Dow Jones industrial average fell 72 points, or 0.5 percent, to 15,425 Friday.

The Standard & Poor’s 500 index was down six points, or 0.4 percent, at 1,691. The Nasdaq composite was down nine points, or 0.3 percent, at 3,660.

The Dow fell 1.5 percent over the week, its first weekly loss since June. It closed at a record high one week ago.

The market has been slipping this week as companies report mixed earnings and disappointing revenue.

Slightly more stocks fell than rose on the New York Stock Exchange.

Trading was quiet. Volume was just 2.9 billion shares, well below the recent average of 3.4 billion.

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