dow jones, nasdaq, S&P 500 futures closed march 2 2012

dow jones, nasdaq, S&P 500 futures closed march 2 2012 ; The Dow Jones industrial average dipped 2.73 points, or 0.02 percent, to 12,977.57 at the close. The Standard & Poor's 500 Index slipped 4.46 points, or 0.32 percent, to 1,369.63. The Nasdaq Composite Index shed 12.78 points, or 0.43 percent, to close at 2,976.19.

For the week, the Dow inched down 0.05 percent, while the S&P 500 rose 0.3 percent and the Nasdaq added 0.4 percent. On Tuesday, the Dow closed above 13,000 for the first time since May 2008, though it has subsequently struggled to maintain that level.

I'm a little dubious of the prospect of staying above 13,000,I expect we'll see more volatility at this level, and a significant uptick from these levels isn't warranted."

Investors kept a close eye on oil prices, which have risen more than 15 percent since the start of February. A steep rise in crude and gasoline prices could cut into consumer spending and damage the economic recovery.

U.S. crude oil futures fell more than 2 percent, or $2.14, to settle at $106.70 a barrel a day after hitting a 10-month high above $110 on supply concerns in the Middle East.

The decline hit energy shares, sending the S&P energy sector index down 1.1 percent. Peabody Energy fell 6.5 percent to $32.89 while Exxon Mobil Corp declined 0.6 percent to $86.33.
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