Stocks Close Lower for Fifth Day Straight

Stocks close lower for fifth day straight

NEW YORK (AP) - The Dow Jones industrial average closed lower for the fifth straight day as worries about sluggish economic growth weighed on markets.

The Dow ended the day down 49 points at 12,605, after minutes from a Federal Reserve meeting highlighted concerns about the U.S. economy.

In a summary of their June meeting released Wednesday, Fed officials said the economy could struggle if Congress fails to avert tax hikes and spending cuts scheduled for the end of the year. Europe's debt crisis and China also posed risks.

The Standard & Poor's 500 index lost a fraction of a point at 1,341. The Nasdaq lost 14 points to 2,888.

Rising stocks outpaced falling ones by a small margin on the New York Stock Exchange. Trading volume was light at 3.3 billion.

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america is "still" in this muslim clowns "great recession" n america will stay closed untill this muslim clown is removed from our white house in handcuffs along with his ~record unemployment~~record foreclosures~~record job losses for the last 41 months. ! !

July 14 2012 at 5:02 AM Report abuse +1 rate up rate down Reply

Good times are here!!! The SUMMER OF RECOVERY IS HERE OBAMA RULES.. Free Obama phones for all. Free health care for all (except the rulers- they have the best plans and dont want the masses plan).

Damn... that was one goofy drink of kool-aide.... glad I have my private insurance.

July 12 2012 at 7:17 AM Report abuse +1 rate up rate down Reply

In general, the big international companies will be flat for a long time. With the new "world economy", there will always be someone miss firing, to mess it up. ..........Like trying to get a 50 cylinder engine to run perfect......good luck!!!

July 12 2012 at 12:51 AM Report abuse +1 rate up rate down Reply