(AFX) - Stocks faltered for a second straight session Friday as conflicting earnings reports from the technology sector deepened investors' uncertainty over corporate earnings. The Nasdaq composite index fell to a 14-month low, and the major indexes finished mixed for the week.
Disappointing earnings from Advanced Micro Devices Inc. and a profit warning from Dell Inc. overshadowed strong profits at Google Inc. and a $20 billion stock buyback program announced by Microsoft Corp. Ongoing tensions in the Middle East and concerns about inflation also weighed on stocks.
The Dow Jones industrial average fell 59.72, or 0.55 percent, to 10,868.38.
The Standard & Poor's 500 index lost 8.84, or 0.71 percent, to 1,240.29.
The Nasdaq composite index dropped 19.03, or 0.93 percent, to 2,020.39, its lowest close since May 17, 2005.
For the week:
The Dow was up 129.03, or 1.2 percent.
The S&P was up 4.09, or 0.33 percent.
The Nasdaq was down 16.96, or 0.83 percent.
Where the indexes stand compared with their all-time highs, reached in early 2000:
The Dow is 854.60, or 7.29 percent, below its peak of 11,722.98 on Jan. 14, 2000.
The S&P is 287.17, or 18.8 percent, below its peak of 1,527.46 on March 24, 2000.
The Nasdaq is 3,028.23, or 59.93 percent, below its peak of 5,048.62 on March 10, 2000.
For the year:
The Dow is up 150.88, or 1.41 percent.
The S&P is down 8.00, or 0.64 or percent.
The Nasdaq down 184.93, or 8.39 percent.
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