U.S. stock indexes extend losing run
7/11/12 4:13 PM ET (MarketWatch)Print
NEW YORK (MarketWatch) -- U.S. stocks ended lower on Wednesday, with the S&P 500 extending its longest down streak since May 18, after the Federal Reserve failed to offer a more decisive signal of further stimulus. "All monetary policy is Band-Aids while the patient gets sicker and sicker," said Gary Flam, portfolio manager at Bel Air Investment Advisors. The Dow Jones Industrial Average declined 48.59 points, or 0.4%, to 12,604.53. The S&P 500 edged fractionally lower to 1,341.45. Both the Dow and the S&P 500 ended in the red for a fifth session. Off for a fourth session, the Nasdaq Composite slid 14.35 points, or 0.5%, to 2,887.98.
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