Renewed worries about Europe overshadowed an encouraging U.S. jobs report Thursday, leaving major stock indexes roughly where they started. The Dow Jones industrial average fell 9.52 points to close at 13,973.39.
After a strong start, the stock market has drifted sideways over the previous week with few major events to sway investors. "Everybody is too complacent," said Doug Cote, chief market strategist at ING U.S. Investment Management.Cisco Systems, world's largest maker of computer networking equipment fell 1 percent after reporting earnings that beat expectations but lowered expectations for sales growth. Cisco's stock lost 15 cents to $20.99.The Austin-based Whole Foods Market grocery chain slumped 10 percent, or $9.40, to $87.50 after trimming its forecasts for sales and earnings this year as it puts more lower-priced goods on its shelves.General Motors fell 92 cents to $27.75 after it nearly doubled last year's fourth-quarter profit but still fell short of analysts' estimates. -- The Associated PressHave more to add? News tip? Tell us
