Stocks retreat, with S&P down 2.6 percent as weak economic signs overshadow debt bill passage
https://dervishcom.blogspot.com/2011/08/stocks-retreat-with-s-down-26-percent.html
NEW YORK — A sell-off is erasing all of the year's gains in the stock market.
The Standard & Poor's 500 lost 2.6 percent Tuesday as investors grew increasingly concerned about the economy. The benchmark index is now at its lowest point of the year.
A report that consumers cut their spending in June for the first time in two years added to a series of weak economic indicators have pushed stocks lower for seven straight days.
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Source: http://feeds.washingtonpost.com/click.phdo?i=bed92cc0c9c1dd615f8714c3bfec502d
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