Esta es la racha negativa mas larga desde la crisis financiera
La preocupacion acerca de la desaceleracion de la economia Americana envio al S&P 500 a su racha de caidas mas larga desde Febrero del 2009.
El Dow Jones cayo 21.87 puntos, o 0.2% a 12,048.94 puntos, sexta cauda desde Julio del anio pasado.
S&P Losing Streak Is Longest in Two Years Economic Fears Push Index to Lengthiest Stretch Since Depths of Finance Crisis
By BRENDAN CONWAY
NEW YORK—Concerns about a slowdown in the U.S. economy sent the Standard & Poor's 500-stock index to its longest losing streak since February 2009.
The Dow Jones Industrial Average fell 21.87 points, or 0.2%, to 12048.94, its sixth straight loss and longest slide since July of last year. The S&P 500 finished 5.38 points lower, or 0.4%, at 1279.56, as materials and financial stocks dragged. The index, which also staged its sixth straight decline, hasn't fallen on this many consecutive trading sessions since a string of declines ending Feb. 23, 2009.
Markets Hub: Stocks Trade Lower for 6th Day
2:24
Stocks dropped as growing concerns over the U.S. economic outlook put the market on track for a sixth straight loss. Paul Vigna and Bob O'Brien discuss.
.The Nasdaq Composite dropped 26.18 points, or 1%, to 2675.38, its fourth straight drop. The Dow Jones Transportation Average, which hit a record high in May, lost 58.62, or 1.1%, to 5088.48, turning negative for 2011.
Concerns over the outlook for the U.S. economy have dominated market sentiment for weeks, and investors took little heart from the Federal Reserve's most recent "beige book." Businesses said the economy expanded over the past two months, though some of the Fed's 12 districts reported slower manufacturing growth and higher goods and energy prices, which weighed on consumer spending.
"Investors are asking if this is just a slowdown or the start of the next recession," said Gary Flam, a portfolio manager at Los Angeles-based Bel Air Investment Advisors.
Caterpillar led blue-chip stocks lower as it fell $1.84, or 1.8%, to $98.04, and Alcoa fell 28 cents, or 1.8%, to 15.41. Verizon Communications helped keep losses in check as it rose 52 cents, or 1.5%, to 35.90, after Oppenheimer & Co. upgraded its investment rating on the stock. Exxon Mobil gained 76 cents, or 1%, to 80.76, and Chevron rose 48 cents, or 0.5%, to 99.95, after the Organization of Petroleum Exporting Countries said members were unable to reach a consensus on boosting oil production, dashing hopes for an increase. Oil and oil stocks also got a boost from lower-than-expected U.S. oil inventories.
Mortgage insurers fell after MGIC Investment reported more new delinquencies in May than in the prior month and fewer delinquencies made current. MGIC slumped 1.47, or 20%, to 5.80, while PMI Group shed 15 cents, or 13%, to 1.04, and Radian Group fell 51 cents, or 12%, to 3.59.
Ciena slumped 3.92, or 16%, to 20.29, after the networking-equipment company reported a wider-than-expected fiscal second-quarter loss.
.Visa dropped 3.11, or 3.9%, to 76.71, and MasterCard fell 4.20, or 1.5%, to 270, after the U.S. Senate defeated a plan to postpone new federal debit-card regulations, a blow to the industry.
Hovnanian Enterprises lost 27 cents, or 12%, to 2.07, after the home builder's second-quarter loss widened amid a fall in revenue and bigger land-related charges.
Abercrombie & Fitch dropped 3.62, or 5.2%, to 66.28, after the retailer warned its second-quarter results won't be as strong as the first quarter's, though still in line with its guidance.
Apparel maker Oxford Industries fell 2.09, or 6.1%, to 32.42, after forecasting current-quarter earnings on the low end of analysts' expectations.
Online advertising company QuinStreet plunged 3.51, or 24%, to 11.16, after predicting weaker revenue than Wall Street anticipated in the coming fiscal year.
Market Data Center