US stocks close lower on S&P downgrade talks

Source: Marketwatch
US stocks experienced slight losses and traded lower on Friday on speculations S&P ratings agency may downgrade several Euro Zone nations. Investor fears were also fuelled by J.P. Morgan Chase's report of drop in profits. S&P 500 Index lost 0.5% or 6.41 points and closed at 1,289.09, while Dow Jones Industrial Average Index slipped 0.39% or 48.96 points to 12,422.06. Nasdaq Composite index closed 0.5% or 14.03 points down at 2,710.67. 
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