Stocks closed lower for a week in a third straight line on the signs indicating that the weakening of the US consumer demand.
Gap Inc. and Aéropostale retailers each lost more than 14% Friday after having cut their forecasts of profit for the year, in part because of the costs for raw materials and sluggish sales. It was a worrying sign for investors who had counted shoppers to lead a recovery of the expenses.
The Dow Jones index fell 93.28 points, or 0.7%, to 12,512.04.
Standard & Poor 500 index lost 10.33 or 0.8%, to 1,333.27.
The Nasdaq composite 19,99 ignored or 0.7%, to 2,803.32.
For the week:
The Dow Jones index is 83.71, or 0.7%.
The S & P is down 4.51 or 0.3%.
The Nasdaq is down 25.15% or 0.9%.
For the year to date:
The Dow Jones index is 934.53, or 8.1%.
The S & P is 75.63, or 6.0%.
The Nasdaq is at 150.45, or 5.7%.
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