Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Friday, June 10, 2011

Friday

Another dose of anguish about the global economic recovery sent the Dow Jones Industrial Average to the first close below 12000 since mid-March, capping the blue-chip index's longest weekly slump since 2002. This marks the Dow's sixth straight week of declines. Investors were glum after U.S. May import prices showed a surprise gain of .2%, hinting at an inflation push coming into the U.S. from abroad. DJIA -172.45 Nasdaq -41.14 S&P 500 -18.02.