NEW YORK (AFP) - us shares ended Friday for the fourth consecutive week with trade blunted by disappointing economic data and investors the future day holiday week end long Memorial.
A range of poor figures on the growth of GDP, the sector of housing, industrial dismissals of production and employment kept optimism failed, although more high prices of raw materials has helped to oil, mining and shares closes to prevent abandonment more difficult markets.
"Come from a long weekend, it is rare that investors make any significant moves," said said Evariste Lefeuvre of Natixis.
The Dow Jones Industrial Average closed at 12,441.58, off the coast of just 0.56% of the previous week and 2.0% for four weeks.
The broader S & P 500 ends 1,331.10 0.16% lower at the close of the previous Friday and 1.8 per cent off the coast of the end of April.
The tech-heavy Nasdaq Composite pared 0.2 percent for the week and 2.5 per cent for the four weeks to 2,796.86.
"We started with big down move Monday and spent the rest of the week, recover," said Marc Pado of Cantor Fitzgerald.
"The last two days had much to do with the type of end of month firework." Many people consider that the market was going to withdraw. ?
"The economic news was not impressive, but nothing too far the mark", he added. "Enter in three-day weekend, trade is light.
The low degree of drop testified to the continued presence of bulls, the search for signs that the engines of the economy could get a fresh dose of fuel.
But continued European debt problems continue to cast a shadow on the market in the world.
"The Europe credit bubble may be as great or even greater than the mortgage bubble of America," said Linda investors Duessel Federated.
"This is why markets continue to be nervous about Europe's sovereign debt problems and has had a fall Monday on the curved revised Italy credit outlook, another downgrading of ratings on Greek debt and Spanish elections which raised questions about its ability to push through austerity measures."
In the sectors, shares of energy increased by 1.7 per cent for the five days and core subjects - primarily mining - added 1.4%. Utility, and transportation shares hurt by high oil prices, both lost 0.7%. Tech shares fell by 0.2%.
Most recent darling of the tech, Russia search engine Yandex, showed that he was still appetite for shares of the Internet. It hit the market Tuesday after in intellectual property offices at a price of $25 per share. Friday as he closed to $34.45 for a 37.8% gain for the week.
Meanwhile, LinkedIn, the professional social network which went public the previous Thursday, finished the week at $88.32, 96 per cent higher than its IPO price.
Trading next week will be reduced by the celebration of Memorial Day on Monday. Eyes will be on the way in which new forms of data until the image for economic growth, after analysts lowered their estimates for the second quarter to well below 3.0% last week.
It will survey confidence for the consumer of the Conference Board for may (Tuesday); construction spending in April (Wednesday). ISM may manufacturing index (Wednesday). May auto sales (Wednesday). first-quarter business productivity (Thursday). Index ISM services for may (Friday) and can create jobs and unemployment (Friday).
"The key release will be the report on employment, in the May to show that employment growth has slowed, while the unemployment rate continues,", said Patrick Newport at IHS Global Insight.
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