NEW YORK -- Stocks pulled back again today, pressured for a second straight day by news of violence in Indonesia and warnings about technology company profits. Dow loses 76
The Dow Jones industrial average fell 76.23 points to close at 9,096.00, extending yesterday's 39-
point drop from Wednesday's record close of 9,211.84. For the week, the Dow was up 40.85.
Decliners led advancers by a 3-to-2 margin on the New York Stock Exchange, with 1,148 up, 1,765 down and 594 unchanged. NYSE volume was 611.62 million shares vs. 575.25 million yesterday.
Broad-market indicators also posted sizable losses amid reports that hundreds of looters had died in shopping mall fires in Indonesia during a fourth day of rioting.
The Standard & Poor's 500-stock list fell 8.64 to 1,108.73, and the Nasdaq composite index fell 18.59 to 1,846.77. The NYSE composite index fell 3.91 to 574.40, and the American Stock Exchange composite index fell 4.29 to 737.09. The Russell 2000 index of smaller companies fell 3.11 to 472.44.
The price of the Treasury's main 30-year bond was up 3/16 point, or $1.88 per $1,000 in face value, by late afternoon, while its yield slipped to 5.97 percent from 5.98 percent late yesterday. Prices and yields move in opposite directions.
The U.S. embassy was urging that all Americans leave Indonesia, and several major companies such as Mobil, Citicorp and Merrill Lynch closed their operations there. The sudden outbreak of civil unrest, triggered by government price increases required as part of an international bailout, has undermined hopes that the Asian economy is on the road to recovery.