Dow ends lower as Fed decision on bank capital sinks financial stocks

Stocks finished mixed Friday, but the Dow Jones Industrial Average lost ground as a decision by the Federal Reserve not to extend a temporary rule relaxing bank capital requirements pressured the financial sector. The Dow lost around 234 points, or 0.7%, to close near 32,628, according to preliminary figures. The S&P 500 fell around 3 points, or 0.1%, to 3,912, while the tech-heavy Nasdaq Composite bounced back from earlier weakness to rise about 99 points, or 0.8%, to end near 13,215. Bank stocks fell, with JPMorgan Chase & Co. losing 1.6%, while Goldman Sachs Group Inc. shed 1.1%. For the week, the Dow fell 0.5%, while the S&P 500 and Nasdaq Composite each lost 0.8%.

Dow ends lower as Fed decision on bank capital sinks financial stocks

Stocks finished mixed Friday, but the Dow Jones Industrial Average lost ground as a decision by the Federal Reserve not to extend a temporary rule relaxing bank capital requirements pressured the financial sector. The Dow lost around 234 points, or 0.7%, to close near 32,628, according to preliminary figures.

The S&P 500 fell around 3 points, or 0.1%, to 3,912, while the tech-heavy Nasdaq Composite bounced back from earlier weakness to rise about 99 points, or 0.8%, to end near 13,215. Bank stocks fell, with JPMorgan Chase & Co. losing 1.6%, while Goldman Sachs Group Inc. shed 1.1%. For the week, the Dow fell 0.5%, while the S&P 500 and Nasdaq Composite each lost 0.8%.