Skip to main content
SLUMP

Dow Crashes Below 12000

Longest weekly decline since 2002.

cheats/2011/06/10/dow-crashes-below-12000/dow-jones-slump-cheat_gs7mfg

Richard Drew / AP Photo

A steep downturn in the stock market Friday capped a sixth straight week of losses, marking a 1.4-percent decline and sending the Dow below 12000 for the first time since mid-March. The latest slide is the longest since 2002, and follows a series of negative economic reports in recent weeks, particularly in the job sector. Investors say they’re worried that the slump might last longer than predicted. "There's a growing idea that perhaps this slowdown is not as temporary as it looks," said John Brady, senior vice president at MF Global. Energy and financial stocks saw serious declines.

Read it at Wall Street Journal

TRENDING NOW