US stocks fell in a jittery session on Friday on heightened concerns about the extent of losses from the subprime mortgage sector. In an effort to calm the market, the US Federal Reserve executed a third liquidity injection into the country's banking system today, but stocks still fell.
Investors worried about the fallout from the subprime problems and their likely impact on corporate profits and the economy. Shares of industrial conglomerates were among the top drags on the Dow and the S&P 500 index. General Electric Co was down 2.8 percent at $37.84.
The Dow Jones industrial average was down 75.12 points, or 0.57 percent, at 13,195.56. The Standard & Poor's 500 Index was down 4.67 points, or 0.32 percent, at 1,448.42. The Nasdaq Composite Index was down 16.73 points, or 0.65 percent, at 2,539.76.
Besides the US Federal Reserve's cash infusions, the European Central Bank, the Bank of Japan and the Bank of Canada also injected additional liquidity into financial systems to calm markets on Friday.