U.S. shares end disrupted week on down note

Nov 02, 2012, 4:07 PM EDT
Traders work on the floor of the New York Stock Exchange  August 8, 2011. U.S. stocks extended losses, driving the Dow and the Nasdaq down 1% late in the session on Friday, with oil shares leading the Dow's decline.
AFP/Getty Images/STAN HONDA

U.S. stocks extended losses, driving the Dow and the Nasdaq down 1% late in the session, with oil shares leading the Dow's decline. After a week that had seen the New York Stock Exchange shut for two days because of superstorm Sandy, a post-storm rally in equities and the dollar, but also a continuing string of disappointing earnings reports and mixed economic indicators, the Dow Jones industrial average fell 134.70 points, or 1.02 percent, to 13,097.92. The Standard & Poor's 500 Index slid 12.16 points, or 0.85 percent, to 1,415.43. The Nasdaq Composite Index dropped 31.99 points, or 1.06 percent, to 2,988.07. Investors now turn their attention to the uncertainty of next Tuesday's U.S. presidential election and the fiscal cliff of tax rises and spending cuts that looms beyond it.

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