Markets Turn Negative For 2011August 3, 2011 3:49 am
We spotted this today:
“Stocks posted their worst daily decline in nearly a year Tuesday, wiping out the year’s gains and raising fresh questions about the strength of the economic recovery.
Despite the seemingly positive news that President Obama signed the long-awaited agreement to lift the federal borrowing limit, the Standard & Poor’s 500-stock index tumbled 2.6 percent — its seventh straight day of losses, making for its longest losing streak since October 2008. The Nasdaq composite index tumbled 2.7 percent, while the Dow Jones industrial average dropped 2.2 percent.”
Statistics Source: WashingtonPost