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Dow, S&P Log Worst Weekly Decline in 2012
23 Mar 2012 EDT - CNBC.com
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Stocks closed modestly higher Friday, but the Dow and S&P posted their worst weekly loss for the year after investors were rattled over slowdown fears in China and weak economic news from the euro zone.

The Dow Jones Industrial Average gained 34.59 points, or 0.27 percent, to close at 13,080.73, snapping a three-day losing streak, led by H-P and BofA .

The S&P 500 climbed 4.33 points, or 0.31 percent, to finish at 1,397.11. The Nasdaq rose 4.60 points, or 0.15 percent, to end at 3,067.92.

The CBOE Volatility Index, widely considered the best gauge of fear in the market, ended below 15.

For the week, the Dow declined 1.15 percent, the S&P erased 0.50 percent, while the Nasdaq rose 0.41 percent, logging its sixth-straight winning week. Caterpillar was the overall biggest laggard on the Dow this week, while Cisco gained.

Six out of the 10 key S&P sectors were negative for the week, led by energy. Consumer discretionaries were the biggest winner.

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