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The Honolulu Advertiser
Posted at 11:15 a.m., Friday, February 15, 2008

Stocks close week on subdued note

By TIM PARADIS
Associated Press Business Writer

NEW YORK — Wall Street has finished mixed as lackluster economic reports offered investors little incentive to place big bets ahead of a long weekend.

Disappointing data on manufacturing, consumer confidence and import prices reminded investors on Friday that the economy is struggling. As a result, a week that began with a rally closed on a subdued note.

At the close, the Dow Jones industrial average was down about 30 points at the 12,348 level, according to preliminary calculations. The blue-chip index ended the week with a gain of about 1.36 percent.

The Standard & Poor's 500 index finished up a point at approximately 1,350.

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