Major US stock indices close lower but recover about half of the day declines

The major US stock indices are closing the day lower but recovered nicely off of session lows.

The final numbers are showing

• Dow industrial average -143.22 points or -0.42% at 33886.48. The Dow industrial average was down -298.85 points at session lows..
• S&P index -8.58 points or -0.21% at 4137.63. The S&P was down -33.01 points at session lows.
• NASDAQ index -42.82 points or -0.35% at 12123.46. The NASDAQ index was down -139.72 points at session lows.
• Russell 2000 fell -15.52 points or -0.86% at 1781.15

For the trading week, the major indices are closing higher:

• Dow industrial average rose 1.2%, and is now up 4 consecutive weeks
• S&P index rose 0.79% and is up four of the last five trading weeks
• NASDAQ index rose 0.29%. It too is up four of the last five trading weeks
• Russell 2000 rose 1.52% for the week.

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This article was written by Greg Michalowski at www.forexlive.com.

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