An early rally faded on the stock market Friday, leaving indexes down about 3 percent for the week as worries resurfaced about a breakup of the euro. The Dow Jones industrial average had been up as many as 99 points after the Italian government won a confidence vote on austerity measures. It turned mixed around midday as Fitch warned that it might downgrade the debt of Italy, Spain and four other countries that use the euro.
The Dow Jones industrial average closed down 2.42 points, less than 0.1 percent, at 11,866.93.
The Standard & Poor's 500 index rose 3.91, or 0.3 percent, to 1,219.66.
The Nasdaq composite index rose 14.32, or 0.6 percent, to 2,555.33.
For the week:
The Dow is down 317.87 points, or 2.6 percent.
The S&P is down 35.53, or 2.8 percent.
The Nasdaq is down 91.52, or 3.5 percent.
For the year to date:
The Dow is up 288.88 points, or 2.5 percent.
The S&P is down 37.98, or 3 percent.
The Nasdaq is down 97.54, or 3.7 percent.
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