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The stock market eked out a gain Friday as investors took downbeat economic news in stride. The modest gains still left stocks with a loss for the week but the Dow Jones industrial average and the Standard & Poor's 500 index logged their best month since November. The latest bad news came from several corners including the financial industry. Insurer American International Group Inc. reported a larger than expected fourth-quarter loss. But the government reported that the nation's economy grew at a faster pace than initially estimated for the end of 2009. The Dow rose 4.23, less than 0.1 percent, to 10,325.26. The S&P rose 1.55, or 0.1 percent, to 1,104.49. The Nasdaq composite index rose 4.04, or 0.2 percent, to 2,238.26. For the week: The Dow is down 77.09, or 0.7 percent. The S&P is down 4.68, or 0.4 percent. The Nasdaq is down 5.61, or 0.3 percent. For the year: The Dow is down 102.79, or 1 percent. The S&P is down 10.61, or 1 percent. The Nasdaq is down 30.89, or 1.4 percent. |
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