Major indices close lower for the day and lower for the week

The three major indices are closing lower both on the day and for the trading week. The declines are led by the NASDAQ index. A snapshot of the final numbers shows:

• Dow industrial average -190.91 point or -0.49% at 38714.76
• S&P index -33.37 points or -0.65% at 5117.10
• NASDAQ index -155.37 points or -0.96% at 15973.16

For the trading week, the Dow Industrial Average was near unchanged. The NASDAQ index was the weakest of the three:

• Dow industrial average, -0.02%.
• S&P index -0.13%
• NASDAQ index, -0.70%

Looking at the small-cap Russell 2000 index it rose today but was down sharply on the week:

• Russell 2000+8.146 points or 0.40% at 2039.32. For the trading week, the index fell -2.08%

This article was written by Greg Michalowski at www.forexlive.com.