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Courtney Raio
2 Aug, 2011 | 04:33 PM
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The Dow closed lower for the eighth straight session, a streak that has not been matched since October 2008. Markets fell today on concerns about a downgrade of the US credit rating despite a deal being reached on the US debt ceiling, the report on personal income and spending which missed expectations, and concerns that the jobs number being reported on Friday will disappoint. Today’s losses turned the S&P 500 negative on the year, and the Dow crossed below 12,000, and is now less than 200 points away from crossing into negative territory for the year. ...