US stocks fall, extending a loss for the week, after disappointing reports on the US economy

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Specialist Michael Guli works at his post on the floor of the New York Stock Exchange Tuesday, June 11, 2013. THE CANADIAN PRESS/AP, Richard Drew

NEW YORK, N.Y. – Stocks are ending a choppy week lower after disappointing reports on the U.S. economy.

The Dow Jones industrial average lost 105 points, or 0.7 per cent, to 15,070 Friday. The Dow fell 1.2 per cent this week.

The Standard & Poor’s 500 index gave up nine points, or 0.6 per cent, to 1,626. Banks and energy stocks fell the most. The only industry group that rose was utilities.

The Nasdaq composite fell 21 points, or 0.6 per cent, to 3,423.

The market got no help from the latest news on the economy. Factories weren’t as busy as expected, and a survey of consumer sentiment fell in June compared with the previous month.

More stocks fell than rose on the New York Stock Exchange. Trading volume was lighter than usual, 2.9 billion shares.

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