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Friday, November 20, 2009
Stocks End Week Mixed; Lack Of Conviction Reigns
By Kate Gibson
MarketWatch Pulse
NEW YORK - U.S. stocks on Friday tallied mild losses to finish mostly lower for the week, as disappointing results from computer maker Dell Inc. dented the technology sector. "Investors are dating this market, they are not married to it. They don't have conviction, they have one foot out the door," Howard Ward, chief investment officer for GAMCO Growth Fund, said of the low trading volume that persisted through the week. Down for a third consecutive day, the Dow Jones Industrial Average fell 14.28 points, or 0.1%, to 10,318.16, leaving it 0.5% higher for the week. The S&P 500 Index fell 3.53 points, or 0.3%, to 1,091.37, a level that translates into a weekly loss of 0.2%. The Nasdaq Composite shed 10.78 points, or 0.5%, to 2,146.04, down 1% from the week-ago close.
Copyright © 2009 MarketWatch, Inc.
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