Stocks Continue To Spiral Down For A Fifth Day

By: AP
By: AP

NEW YORK (AP) -- Stocks are sliding on disappointing news about the U.S. economy, extending a losing streak that could turn into the year's longest so far.

The Dow Jones industrial average is down 88 points to 12,842 at midday. The broader Standard & Poor's 500 is down 10 points to 1,372. The Nasdaq is down 19 points to 3,028.

The National Federation of Independent Businesses said its index of small-business optimism fell after six months of gains. U.S. wholesalers reported that they restocked shelves at a slower pace at the beginning of the year.

If the market closes down again Tuesday it will be the fifth day of losses for the Dow and S&P, the longest streak of the year so far.

Best Buy fell 2 percent after its CEO resigned.

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  • by Nath Location: Colo Spgs on Apr 10, 2012 at 09:51 AM
    Remember last week when the "not so bad" weekly unemployment numbers came out and I said wait until Friday's report was released? Here is the 5's article on the news behind the bad news, which begins after the tidbit on a Viet buying a "town" in Wyoming. Agora Financial's 5 Min. Forecast, April 9, 2012. "How Viet Nam Won The West" If you are a day or more late reading this, you will have to get it from the archives link.
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