Dow Down 22; Stocks Gain for Week

Crude oil tumbles $2.65
By Nick McMaster,  Newser Staff
Posted Sep 11, 2009 3:25 PM CDT
Specialist Neil Gallagher, right, works the trading floor of the New York Stock Exchange at the beginning of trading Friday, Sept. 11, 2009.   (AP Photo/David Karp)
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(Newser) – Stocks pulled back today after hitting their 2009 peaks in yesterday's session, the Wall Street Journal reports. Despite modest declines, transportation stocks—considered the first to benefit in a recovery—remained strong, with FedEx up 6.43%. Crude tumbled $2.65 to $69.20 a barrel. The Dow lost 22.07 points to close at 9,605.41. The Nasdaq fell 3.12, closing at 2,080.90, and the S&P 500 lost 1.41 to settle at 1,042.73.

  • Even with today's setbacks, stocks posted weekly gains. The Dow rose 1.7%, the Nasdaq gained 3.1%, and the S&P 500 added 2.6%.