Disappointing quarterly results from General Electric (GE) and Bank of America (BAC) weighed on stocks Friday, causing the Dow Jones Industrial Average ($INDU) to fall back below 10,000.
The blue-chip Dow fell 67 points, or 0.7 percent, to close at 9,995, while the broader S&P 500 ($INX) dropped 9 points, or 0.8 percent, to 1,088. The tech-heavy Nasdaq Composite ($COMPX) slid 16 points, or 0.8 percent, to finish at 2,157.
For more on stocks making moves today, be sure to check out BloggingStocks' market wrap up.
Disappointing earnings pull Dow back below 10,000
Posted 4:08 PM 10/16/09 Investing, General Electric , Bank of AmericaDan Burrows
View all Articles »Markets and Investing Writer
Dan Burrows is a markets and investing writer for DailyFinance. He spent five years at Dow Jones. Most recently he covered investing, markets, tech stocks and the economy at SmartMoney.com. Prior to that he was a reporter at MarketWatch.com. He also covered retail and manufacturing at Women's Wear Daily for three years. In his career, he's had writing stints at Time Inc.'s FYI and Spy magazines, and has freelanced for Esquire and Maxim, among other publications.
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