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U.S.stocks finish lower; oil, dollar down

NEW YORK, Nov. 8 (UPI) -- U.S. stock indexes needed a late rally to avoid even heavier losses Thursday in a stormy session.

Fed Chairman Ben Bernanke's remarks about the economy before Congress had wide-reaching effects with oil prices down, the dollar sliding further and technology shares buffeted amid growing concerns over consumer spending.

The Dow Jones industrial average rallied to finish down 33.73 points, or 0.25 percent at 13,266.29. The Nasdaq composite was down 52.78. or 1.92 percent, at 2,696. The S&P 500 Index was down 0.85 points, or .06 percent, at 1,474.77.

The volume on the New York Stock Exchange was 2.19 billion shares traded with 1,578 stocks advancing and 1,712 declining.


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