The stock market ended the week without a clear trend. General Motors helped push the Dow Jones industrial average up for the week, but a decline in Google shares helped pull down the technology-laden Nasdaq composite index.þþG.M.'s weekly gain was nearly 13 percent. The Wall Street Journal reported that the automaker was close to an agreement with the United Auto Workers union to trim some labor costs. þþSteel companies, including Nucor, also had strong performances. Nucor, which gained 8.4 percent for the week, said greater demand for steel and a reduction in its costs had improved its earnings.þþGoogle fell about 11 percent for the week. The company agreed to pay up to $90 million to settle a lawsuit contending it had overcharged advertisers for Internet sales referrals.þþFor the week, the Standard & Poor's 500-stock index fell 5.65 points, or 0.4 percent, to close at 1,281.58. The Dow gained 54.75 points, or 0.5 percent, to close at 11,076.34. The Nasdaq composite index lost 40.56 points, or 1.8 percent, to close at 2,262.04. The 10-year Treasury note's yield rose to 4.72 percent from 4.68 percent the previous week. JEFF SOMMER þþ
Source: NY Times
