Stocks fall as traders worry over weekend

NEW YORK - (AP) - A growing belief that the U.S. is headed toward recession has given the stock market its fourth straight week of losses.

Major indexes fluctuated through most of Friday and thenaccelerated their declines late in the day. Traders did not want totake the chance of holding stocks if the European debt situationworsened before trading resumed on Monday morning in New York.

The Dow is down 172 points, or 1.6 percent, to 10,817.

The S&P 500 is down 17, or 1.5 percent, to 1,123. The Nasdaq isdown 38, or 1.6 percent, to 2,341.

Three stocks fell for every one that rose on the New York StockExchange. Volume was above average at 5.3 billion shares.

advertisement | advertise on News 12

Top 5 Must See

Steven Romeo, of Southold, is charged with 1 Plea deal reached in fatal Cutchogue limo crash; truck driver avoids jail time
Detectives say the driver of a white Jeep 2 Police release pictures of SUV involved in parkway flasher incident
Cesar Gonzalez-Mugaburu is accused in a 17-count indictment 3 Jurors deliberate for 3rd day in foster father sex abuse trial
An Amtrak power problem in one of the 4 More headaches for LIRR riders after Amtrak power problem
President Donald Trump proposed dramatic cuts in corporate 5 Trump proposes dramatic tax cuts for companies big and small

advertisement | advertise on News 12


Each week, News 12's Doug Geed explores the Check out fun things to do on the East End!

Explore the Twin Forks with News 12's Doug Geed.

Each week a different shelter visits News 12 Dog Day Fridays Series

Each week a different shelter visits News 12 Long Island with pets up for adoption.

News 12 digs deep to find Long Island's Discover Long Island's Hidden Past

News 12's Danielle Campbell digs into Long Island's roots.

News 12's Lily Stolzberg sees how much Long On The Spot

News 12's Lily Stolzberg sees how much Long Islanders know about everything and anything.

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.