NEW YORK |
NEW YORK (Reuters) – Stocks advanced on Friday, but failed to make up for what turned out to be the worst week for markets since June, as investors turned their attention from the presidential election to the coming negotiations over avoiding the “fiscal cliff.”
The Dow Jones industrial average .DJI was up 3.92 points, or 0.03 percent, to end unofficially at 12,815.24. The Standard Poor’s 500 Index .SPX was up 2.34 points, or 0.17 percent, to finish unofficially at 1,379.85. The Nasdaq Composite Index .IXIC was up 9.29 points, or 0.32 percent, to close unofficially at 2,904.87.
For the week, the Dow fell 2.1 percent, while the SP 500 lost 2.4 percent and the Nasdaq dropped 2.6 percent.
(Reporting by Ryan Vlastelica; Editing by Jan Paschal)