Stocks rebounded today after General Electric Co. delivered the kind of solid profit growth that investors expect from blue-chip companies and there were no new nasty surprises in high-tech earnings reports.
But the day's gains were too modest to make up for earlier losses, leaving Wall Street with another down week.
It was the second losing week in a row for the Dow Jones industrial average, the third loser in a row for the Nasdaq Stock Market composite index and the fourth consecutive down week for the Standard & Poor's 500 stock index, which is generally regarded as the best overall measure of the market.
With Friday's 42-point gain, the Dow closed at 10,213.22, down 69 points for the week, a loss of about 0.7 percent
The Nasdaq climbed 11 points to 1,946.33, which left it with a loss of 60 points or 3 percent.
The S&P 500 advanced a little less than 4 points to 1,112.81, ending the week down almost 13 points or a little more than 1 percent.
Investors were rattled earlier in the week when several computer and software companies warned that their quarterly results were not going to be as good as predicted. Orders they had expected to come in at the end of the quarter failed to materialize, suggesting that businesses that had looked at their own preliminary results had decided to postpone capital spending.
Another sign of a slowing economy came from June sales results for the major retail chains, most of which reported weaker than expected gains.
The pace of earnings reports will pick up next week. That will give investors more hard data for making decisions that could move the market.
Also on the schedule are key government reports on inflation -- the consumer price index and the producer price index. Rebounding inflation is one of Wall Street's biggest fears because it would likely encourage the Federal Reserve to order another round of interest rate increases, which would probably be bad for the market.