Investors cash in some gains from big rally

March 27, 2009 1:55:11 PM PDT
Caution has reasserted itself on Wall Street but stocks are still ending with their third straight weekly advance. Stocks are finishing lower Friday but are still up sharply for the week. Analysts say the day's pullback was expected after the market's powerful climb this month. Financial and technology stocks led the retreat, and energy shares fell along with the price of oil.

At the close, the Dow Jones industrial average is down 150 points, or 1.9 percent, at 7,776. The Standard & Poor's 500 index is down 17, or 2 percent, to 816. The Nasdaq composite index is down 42, or 2.6 percent, at 1,545.

Three stocks fell for every one that rose on the New York Stock Exchange, where volume came to 1.44 billion shares.

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