Troubles for the market continued on Monday with a sizeable loss on renewed concern over the slowing economy, as the S&P 500 dipped below 1300 for the first time since late March. On Tuesday stocks dropped for a fifth consecutive day after a late-day plunge ensued following Fed Chair Bernanke remarks outlining a slower-than-expected economic recovery. The major indexes dropped for a sixth consecutive day on Wednesday, with the S&P 500 hitting its longest losing streak since early 2009. Stocks finally had a winning day on Thursday, the first of the month of June, as investors were pleased that that the US trade deficit shrank unexpectedly in April. The bounce was short-lived, as stocks plummetted again on Friday, with the Dow breaking below the 12000 mark for the first time since mid-March.
Stocks fells for the sixth straight week, as economic woes persist[table id=14 /]