WYMT | Eastern KY | News, Weather, Sports

Stocks fall on Europe worries; Facebook debuts

It's going to take more than Facebook's initial public offering
to push the stock market higher.

Worries about Europe's debt crisis turned out to be the bigger
issue for investors on Friday. U.S. stocks fell. The Dow Jones
industrial average lost 73 points to close at 12,369. The Dow has
now fallen on 12 out of the last 13 days. It finished the week down
3.5 percent.

The Standard & Poor's 500 index fell almost 10 points to 1,295.
The Nasdaq fell 35 points to 2,779.

Declining stocks outnumbered advancers more than 3-to-1.

Stocks in Europe fell, too.

After all the hoopla, Facebook closed just 23 cents above its
initial public offering price of $38.

(Copyright 2012 by The Associated Press. All Rights Reserved.)


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WYMT CONTACT INFO 199 Black Gold Blvd. Hazard, KY 41701 606-436-5757 - switchboard 606-439-9968 - newsroom
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 152086345 - wkyt.com/a?a=152086345
Gray Television, Inc.