The markets ended a blustery week today with a session of light losses and minor gains on bad economic news from retail and manufacturing, MarketWatch reports. The Dow fell 28.77 to 12,348.21, and the Nasdaq fell 10.74 to 2,321.80. The S&P 500 capitalized on a minor late rally to finish up 1.13, at 1,349.99.
A downturn in consumer confidence soured investor confidence, and Best Buy's cutting its earnings forecast in expectation of lower-than-targeted fourth-quarter revenue didn't help. "The credit issues are a major concern," an investment strategist told Bloomberg. "It seems each rock we turn over has something underneath it."