NEW YORK - Investors resumed their selling Friday on Wall Street, focusing on their fears about the economy and shoving aside their resurgent optimism that business conditions will soon improve.
The Dow Jones industrial average closed down 117.05 at 11,005.37. The Dow was just able to stay above the 11,000 mark, which it reclaimed May 16 after trading below the historic level for eight months.
The market's broader indicators also drifted lower. The Nasdaq composite index fell 31.01 to 2,251.01, and the Standard & Poor's 500 index declined 15.28 to 1,277.89.
Declining issues narrowly outnumbered advancers 8 to 7 on the New York Stock Exchange, where volume was 816.08 million shares, down from 1.10 billion Thursday.
Fitness equipment gets retailer sued
WASHINGTON - The government is suing Wal-Mart for failing to report dozens of injuries caused by some home exercise equipment sold in its stores.
The Consumer Product Safety Commission and the Justice Department said exercise gliders sold by Wal-Mart had seats that can collapse, causing the user to fall suddenly.
Injuries allegedly included fractured vertebrae and herniated discs. Many of the accidents occurred in Wal-Mart stores, and some of the injuries resulted in partial disability, the CPSC said.