Stocks fade on Wall Street, post their first weekly loss in a month

NEW YORK — Stocks prices are closing mostly lower on Wall Street, giving the market its first weekly loss in a month.

The Dow Jones industrial average edged up eight points to 15,303 Friday, a gain of 0.1 percent. The Dow was supported by a big gain in Procter & Gamble.

The Standard & Poor's 500 fell a point to 1,649, or 0.1 percent.

FILE - In this Thursday, May 23, 2013, file photo, Trader Donato Cuttone works on the floor of the New York Stock Exchange near the close of trading. Asian shares traded erratically Friday May 24, 2013 but European markets found their footing, a day after global stocks were routed by unexpectedly weak Chinese manufacturing and fears the Federal Reserve will start withdrawing its monetary stimulus. (AP Photo/Richard Drew, File)

The market had its first weekly loss in five weeks. Anxiety over the Federal Reserve's bond-buying program was the main culprit.

The Nasdaq composite fell a fraction to 3,459.

Procter & Gamble surged 4 percent after the company said it's bringing back its former CEO.

More stocks fell than rose on the New York Stock Exchange.

Trading was thin ahead of Memorial Day. Volume was just 2.7 billion shares.

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