Stocks End Lower but Post Weekly Gains

U.S. stock ended slightly lower on Friday, but posted solid weekly gains. The Dow Jones Industrial Average closed down 1.47 points, or 0.01%, at 16,478.41, but it still posted a 1.6% weekly gain. The S&P 500 closed down 0.62 point, or 0.03%, to 1,841.40, but gained 1.3% for the week. The Nasdaq Composite shed 10.59 points, or 0.25%, to 4,156.59, but rose 1.3% for the week.

Nasdaq OMX Group Inc will compensate firms on December 31 for qualifying claims related to Facebook Inc’s botched May 2012 initial public offering, the exchange operator said in a note to traders on Friday.

Twitter Inc. (TWTR) tumbled on Friday, the social network stock’s biggest one-day drop since the company went public last month. Twitter shed 13% to close at $63.75, after the shares were downgraded to sell by Macquarie Equity Research analyst Ben Schachter who told clients in a note that “nothing has changed in the fundamentals to justify the sharp rise.”

Target Corp (TGT) said PIN data of some customers’ bank ATM cards were stolen in a massive cyber attack at the third- largest U.S. retailer, but it was confident that the information was “safe and secure.”