U.S. stocks finished lower on Friday and for the month of June, but still posted a strong performance for the second quarter. The Dow Jones Industrial Average fell 13.6 points to close at 13,408 on Friday, as rallying crude oil prices erased earlier gains amid end-of-the quarter purchases.

The S&P 500 index fell 2.3 points to 1,503, while the Nasdaq Composite fell 5.1 points to 2,603. For the month of June, the Dow fell 1.6%, the S&P 500 fell 1.8%, while the Nasdaq fell fractionally. But the second quarter saw the Dow rally 8.5% in the quarter, while the S&P advanced 5.8% and the Nasdaq gained 7.5%.

The market was weighed down by concerns about rising interest rates, as troubles affecting the subprime mortgage market led to the near collapse of two hedge funds owned by Bear Stearns. Still, global growth helped the market put in a strong performance for the second quarter. The Dow gained 8.5% in the quarter, the S&P advanced 5.5% and the Nasdaq gained 7.5%.

The U.S. stock market showed little overall reaction to news Friday that a car bomb was defused and a street was closed in London. But crude oil prices jumped $ 1.11 to close at $ 70.68 a barrel, gaining 8.8% in June and 2.8% in the second quarter. News of lower-than-expected gasoline supplies earlier this week also helped boost oil prices ahead of the U.S. summer driving season.

Trading volumes showed 1.6 billion shares trading on the New York Stock Exchange and 2.2 billion on the Nasdaq stock market. Declining issues topped rising stocks by 17 to 15 on the New York Stock Exchange and by 16 to 13 on the Nasdaq.


Indian ADRs end mixed; Infosys loses more than 2%

Indian ADRs ended on a mixed note yesterday. Infosys was the major loser, down more than 2%. There had been reports in the world media that Infosys is looking at a possible acquisition of Capegemini. Among the gainers, HDFC was up 1.42%.

In the technology pack, Infosys ended down 2.04%at 50.38, Satyam ended down 1.20% at 24.76, Wipro was down 1.46% at 15.55 and Patni Computers was down 0.16% at 25.21. In the non-tech pack, ICICI Bank was down a marginal 0.12% at 49.15, MTNL was down 0.77% at 7.75, Tata Motors was down 0.55% at 16.42.

The gainers included HDFC Bank, which was up 1.42% at 84.26, VSNL, which was up 0.56% at 23.27 and Dr.Reddy's Lab, which was up 0.50% at 16.14.