Stocks Fall at End of Topsy Turvy Week

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Stocks fell slightly Friday at the end of a week of zigzag trading that saw a steep selloff followed by a dramatic rebound. The major indexes finished the week mixed, with large caps seeing gains and small caps slipping.

The Dow Jones industrial average lost 0.64 points, or 0.01 percent, to 11,014.55. The Dow had jumped 198.27 points Thursday. Broader stock indicators also slumped. The Standard & Poor’s 500 index dropped 4.62, or 0.37 percent, to 1,251.54, and the Nasdaq composite index fell 14.20, or 0.66 percent, to 2,129.95.





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Among local issues, Peerless Systems was off 55 cents to close at $6.62. A provider of imaging and networking technologies and components to the digital document markets. the El Segundo company appointed John V. Rigali as its new chief financial officer Friday.

Southwest Water Co. was off 69 cents to close at $11.38. The Daily Journal Corp. was up $2.90 to close at $41, and KB Home was off 99 cents to $79.81 the day after it lowered its forecast for the year.

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