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The Nasdaq shed 1.8percentthis weekek, paring its gain for 2002 to 3.7percentt.
Philip Morris fell $1.53, to $51.96, paring its gain for the year to 13percentt.
Now its gain for the year has been cut to 7.9percentt.
The S.& P. 500 Financial Index rallied 10percentt, bringing its gain for the week to 33percentt.
The Dow Jones industrial average lost 28.11, or 0.3percentto to 10,444.73, erasing its gain for the year.
The Nasdaq composite index advanced 1.93 points, or 0.1percentto to 1,703.40, bringing its gain for the week to 6percentt.
Similar(46)
In fact, a disappointing jobs report and strained U.S-China trade tensions appeared largely responsible for sending the Dow Jones Industrial Average to such a low point that it erased its gains for the year.
On Wednesday, the benchmark index lost all of its gains for the year after it slipped 19.84 points to 1,406.70.
The stock market — even after the recent declines wiped out its gains for the year so far — remains well above where it started on the day Mr. Obama was inaugurated.
But independent analysts argue that Iran is inflating its gains for both foreign and domestic consumption.
And even with lower volatility, the Nasdaq has given up its gains for the year.
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