Dow ends down with Fed’s decision on bank capital to sink financial stocks

Shares ended mixed on Friday, but the Dow Jones Industrial Average lost ground as the Federal Reserve’s decision not to extend a temporary rule that relaxed banks’ capital requirements put pressure on the financial sector. The Dow DJIA,
-0.71%
it lost about 234 points, or 0.7%, to close close to 32,628, according to preliminary figures. The S&P 500 SPX,
-0.06%
fell about 3 points, or 0.1%, to 3,912, while the high-tech Nasdaq Composite COMP,
+ 0.76%
recovered from previous weakness to climb around 99 points, or 0.8%, to finish close to 13,215. Bank shares fell, with JPMorgan Chase & Co. JPM,
-1.59%
losing 1.6%, while Goldman Sachs Group Inc. GS,
-1.09%
dropped 1.1%. For the week, the Dow fell 0.5%, while the S&P 500 and Nasdaq Composite lost 0.8% each.