Tuesday, August 2, 2011

U.S. Stocks Fall Despite Senate Vote


Stocks are on pace for the longest losing streak in nearly two years, as additional signs of economic weakness trumped Senate approval of the debt deal, sending shares tumbling.
The Dow Jones Industrial Average slid 182 points, or 1.5%, to 11950, in midafternoon trading. The blue-chip index is on track for its eighth consecutive decline, which would be its longest since October 2008. It has lost more than 700 points during the skid, dating back to July 22.

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