Stocks fell on Friday after news that U.S. consumers spent more last month only because higher gas prices forced them to.

Even with the declines on the last trading day of the quarter, stocks were set to post small gains for the three-month period.

Just after the opening bell, the Dow Jones industrial average was down 93 points at 13,393. The Standard & Poor's 500 index was down nine points at 1,437. The Nasdaq composite index fell 16 points to 3,121.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.