August 15, 2006 > A status report on Wall Street's major indexes
A status report on Wall Street's major indexes
Aug 11, 2006
by The Associated Press
Stocks fell modestly Friday, ending the week lower as concerns about an economic slowdown supplanted worries about Federal Reserve rate hikes.
Apple Computer Inc.'s announcement that it would have to restate its historic earnings due to stock option accounting problems hurt tech stocks. It's after-the-bell announcement that Nasdaq has told the company it is out of compliance with the exchange's listing requirements could color early trading Monday.
The Dow Jones industrial average fell 36.34, or 0.33 percent, to 11,088.03.
The Standard & Poor's 500 index fell 5.07, or 0.40, to 1,266.74.
The Nasdaq composite index fell 14.03, or 0.68 percent, to 2,057.71.
For the week:
The Dow lost 152.32, or 1.36 percent.
The S&P dropped 12.62, or 0.99 percent.
The Nasdaq fell 27.34, or 1.31 percent.
Where the indexes stand compared with their all-time highs, reached in early 2000:
The Dow is 634.95, or 5.42 percent, below its peak of 11,722.98 on Jan. 14, 2000.
The S&P is 260.72, or 17.07 percent, below its peak of 1,527.46 on March 24, 2000.
The Nasdaq is 2,990.91, or 59.24 percent, below its peak of 5,048.62 on March 10, 2000.
For the year:
The Dow is up 370.53, or 3.46 percent.
The S&P is up 18.45, or 1.48 percent.
The Nasdaq is down 147.61, or 6.69 percent.