U.S. stocks fall as Europe fear overrides earnings
Friday losses eliminate July gains for Dow industrials and Nasdaq
SAN FRANCISCO (MarketWatch) — A rash of selling on Friday wiped out July gains for both the Dow Jones Industrial Average and the Nasdaq Composite Index as investors reacted to earnings-driven developments and resurfaced European concerns.
The Dow (DJI JIA) fell 120.79 points, or 0.9%, to close at 12,822.57, with 27 of the index’s 30 components lower. The index, which hit an intraday low of 12,810.35, is down nearly 0.5% for July, but still finished up 0.4% for the week.
The Nasdaq (NASDAQ:COMP) shed 40.6 points, or 1.4%, to close at its intraday low of 2,925.30. The index is down 0.3% for July, but up 0.6% for the week.
The S&P 500 Index (SNC:SPX) lost 13.85 points, or 1%, to finish at 1,362.66, just shy of its low on the day of 1,362.19. The index is up less than 0.1% for July, and up 0.4% for the week. http://www.marketwatch.com/story/us-stocks-br...2012-07-20