{"id":27448,"date":"2012-05-18T17:14:00","date_gmt":"2012-05-18T17:14:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-end-lower-post-biggest-weekly-drop-of-2012\/27435\/"},"modified":"2012-05-18T17:14:00","modified_gmt":"2012-05-18T17:14:00","slug":"stocks-end-lower-post-biggest-weekly-drop-of-2012","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stocks-end-lower-post-biggest-weekly-drop-of-2012\/27448\/","title":{"rendered":"Stocks End Lower; Post Biggest Weekly Drop of 2012"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p><!--Ad Injection mfunc mode ad include code--><!--mfunc include_once('\/mnt\/Target01\/327806\/www.thestockmarketwatch.com\/web\/content\/stock-market-news\/wp-content\/plugins\/ad-injection\/adshow.php') --><!--\/mfunc--><\/p>\n<p>Stocks ended lower in trading today as ongoing worries about the euro zone debt crisis overshadowed excitement over Facebook Inc.\u2019s (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=FB\">NASDAQ: FB<\/a>) trading debut. All three major indexes posted their biggest weekly drop of 2012.<\/p>\n<p><span id=\"more-27448\"><\/span><\/p>\n<p>The <a href=\"https:\/\/thestockmarketwatch.com\/markets\/dowjones\/today.aspx\">Dow Jones<\/a> ended the day 0.59% lower at 12,369.38, the <a href=\"https:\/\/stockmarketwatch.com\/markets\/sp500\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a> ended the day0.74% lower at 1,295.22, and the <a href=\"https:\/\/thestockmarketwatch.com\/markets\/nasdaq\/today.aspx\">Nasdaq<\/a> ended the day 1.24% lower. All sectors in the S&amp;P 500 ended the day in red, with Transportation and Technology stocks leading the losses. For the week, the <a href=\"https:\/\/thestockmarketwatch.com\/markets\/dowjones\/today.aspx\">Dow Jones<\/a> fell 3.52%, the S&amp;P 500 fell 4.3%, and the <a href=\"https:\/\/thestockmarketwatch.com\/markets\/nasdaq\/today.aspx\">Nasdaq<\/a> fell 5.28%.<\/p>\n<p><!--Ad Injection mfunc mode ad code--><!--mfunc adshow_display_ad_file_v2(array('ad_random_1.txt'), array(100), array('align' => 'float right', 'clear' => '', 'margin_top' => '', 'margin_bottom' => '', 'padding_top' => '', 'padding_bottom' => ''), array(), array()) --><\/p>\n<div style=\"float:right;margin-left:5px;\"><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - in News 300 *\/\ngoogle_ad_slot = \"5684630733\";\ngoogle_ad_width = 300;\ngoogle_ad_height = 250;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/div>\n<p><!--\/mfunc--><\/p>\n<p>Stocks remained under pressure throughout the week due to the ongoing euro zone debt crisis. Earlier today, Moody\u2019s downgraded the long-term debt rating and deposit ratings of 16 Spanish banks, including Banco Santander, which is the euro zone\u2019s largest bank. The move from Moody\u2019s came a day after Fitch Ratings downgraded Greece\u2019s credit rating to CCC from B- amid heightened worries that debt-laden country might have to exit the euro zone.<\/p>\n<p>European markets ended mostly lower in trading today, with the FTSE 100 Index in London falling 1.33%, and the CAC 40 Index in Paris falling 0.13%. Asian markets also fell in trading overnight.<\/p>\n<p>Social networking giant Facebook today made its trading debut after completing a successful IPO on Thursday. Facebook\u2019s IPO was prized at $38 per share. Facebook shares surged 10% initially but gave up most of their gains by the end of the day, finishing just 0.71% above the IPO price. The stock traded on volume of 573.58 million.<\/p>\n<p>Other stocks that remained in focus today were Foot Locker Inc. (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=FL\">NYSE: FL<\/a>), which ended the day 8.28% higher at $30.33, and Zynga Inc. (NASDAQ: ZNGA), which ended the day 13.42% lower at $7.16.<\/p>\n<p>More Posts by this author<\/p>\n<ul>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/recent-events\/business-news\/autodesk-shares-tumble-on-disappointing-forecast-adsk\/27484\"><br \/>\nAutodesk Shares Tumble on Disappointing Forecast (ADSK)<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/recent-events\/business-news\/gold-prices-settle-above-1590-an-ounce\/27467\"><br \/>\nGold Prices Settle Above $1590 an Ounce<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/market-updates\/stocks-end-lower-post-biggest-weekly-drop-of-2012\/27448\"><br \/>\nStocks End Lower; Post Biggest Weekly Drop of 2012<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/market-updates\/stocks-in-red-in-late-trading-6\/27431\"><br \/>\nStocks in Red in Late Trading<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/market-updates\/jp-morgan-knowing-the-future-playing-god\/27425\"><br \/>\nJP Morgan &#8211; Knowing the Future, Playing God<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/recent-events\/business-news\/gold-and-silver-prices-remain-in-green-3\/27419\"><br \/>\nGold and Silver Prices Remain in Green<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/market-updates\/u-s-stocks-inch-higher-facebook-commences-trading-on-nasdaq\/27415\"><br \/>\nU.S. Stocks Inch Higher, Facebook Commences Trading on Nasdaq<\/a><\/li>\n<\/ul>\n<hr>\n<table style=\"border:none;margin:0;\">\n<tr>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/2024\/08\/5.jpg\" alt=\"edliston\" width=\"125\" height=\"125\" class=\"photo\"><\/td>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<div style=\"font-size:11pt;\"><b>Post Written By: Ed Liston <\/b><\/div>\n<div style=\"font-size:10pt;\">\n<p>Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.\n<\/p><\/div>\n<\/td>\n<\/tr>\n<\/table>\n<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Stocks ended lower in trading today as ongoing worries about the euro zone debt crisis overshadowed excitement over Facebook Inc.\u2019s [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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