December 11, 2013
Wall Street slips, Dow posts biggest weekly loss of 2013
US stocks fell slightly, and the Dow industrials posted the biggest weekly loss this year as rising bond yields hurt shares paying rich dividends and earnings from retailers disappointed investors.
The Dow Jones industrial average .DJI was down 30.72 points, or 0.20 percent, at 15,081.47. The Standard & Poor's 500 Index .SPX was down 5.49 points, or 0.33 percent, at 1,655.83. The Nasdaq Composite Index .IXIC was down 3.34 points, or 0.09 percent, at 3,602.78.
After a mixed start, European shares began to move into line with yesterday's falls on Wall Street. The FTSE Eurofirst 300 index of top companies was down 0.15 percent, on course for its worst week this month.
Earlier in Asia, Tokyo's Nikkei share average dropped 0.8 percent and the MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.4 percent.