Stocks ticked downward on Monday on renewed concern over the health of the recovering economy following weak manufacturing and housing reports. On Tuesday the Dow took a heavier hit than the NASDAQ and the S&P 500 as more concerning news over the health of the economy continues to cast a shadow on the market. Stocks snapped back on Wednesday when the Federal Reserve minutes indicated that the Fed will not change their monetary policy in the near future, preserving low interest rates for the time being. On Thursday, disappointing manufacturing and home sales reports were more than offset by exuberance over the doubling of networking website Linkedln’s stock price on its first day of trading after its IPO. Stocks retreated moderately on Friday following a downgrade of Greek debt and disappointing earnings and sales reports from Gap and Aerepostale.

It was an over all down week for stocks owing to Friday’s poor performance.
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