Saturday, July 3, 2004

Indexes lose ground

The Associated Press

NEW YORK - Fresh questions about the strength of the economic recovery sent stocks lower Friday as a disappointing report on job creation weighed heavily on investor confidence. All three major indexes lost ground for the week.

Volume was very light in advance of Independence Day.

The Dow Jones industrial average fell 51.33, or 0.5 percent, to 10,282.83.

Broader stock indicators were also modestly lower. The Standard & Poor's 500 index was down 3.56, or 0.3 percent, at 1,125.38, and the Nasdaq composite index lost 8.89, or 0.4 percent, to 2,006.66.

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