Stock Market Ends Worst Week Since August

Dow, S&P 500, Nasdaq all end the day down
By Newser Editors and Wire Services
Posted Nov 13, 2015 3:15 PM CST
Stock Market Ends Worst Week Since August
Trader George Ettinger works on the floor of the New York Stock Exchange, Friday, Nov. 13, 2015. Sharp declines in retailers were dragging the stock market lower in early trading as investors worry that holiday sales could slump.    (Richard Drew)

The stock market had its worst week since August as investors dumped retail stocks over worries that the holiday season will be a dud. The Dow Jones industrial average dropped 202 points, or 1.2%, to 17,245 Friday. The Standard & Poor's 500 index gave up 22 points, or 1.1%, to 2,023. The Nasdaq composite fell 77 points, or 1.5%, to 4,927.

The dismal week that ended Friday broke a six-week stretch of gains for the market. Oil prices also continued to slump. Nordstrom disappointed investors with a weak profit report and outlook. JC Penney, GameStop, and Ross Stores also took a beating. Bond prices rose. The yield on the 10-year Treasury note fell to 2.78%. (More Dow Jones stories.)

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