Updated at 11:35 a.m., Wednesday, May 23, 2007
Stocks end down as investors cash in gains
Associated Press
Wall Street finished slightly lower Wednesday after comments by former Federal Reserve Chairman Alan Greenspan and caution ahead of upcoming economic data led investors to cash in gains. Earlier in the day, the Dow Jones industrials had breached 13,600 in a rally fueled by fresh takeover activity.
The Dow fell 14.30, or 0.11 percent, to 13,525.65.
The Standard & Poor's 500 index fell 1.84, or 0.12 percent, to 1,522.28.
The Nasdaq composite index slipped 10.97, or 0.42 percent, to 2,577.05.
For the week:
The Dow is down 30.88, or 0.23 percent.
The S&P is down 0.47, or 0.03 percent.
The Nasdaq is up 18.60, or 0.73 percent.
For the year:
The Dow is up 1,062.50, or 8.53 percent.
The S&P is up 103.98, or 7.33 percent.
The Nasdaq is up 161.76, or 6.70 percent.
