Saturday, July 11, 2009

U.S. stocks post 4th straight week of losses

Earnings jitters, slumping oil push stocks down, giving market its 4th straight week of losses.

Investors seem to be running short on hope.

With little upbeat news ahead of a crush of corporate earnings reports next week, stocks on Friday hit their longest losing streak since the market's spring rally began in early March.

The Dow fell 36.65, or 0.5 percent, to 8,146.52. It was the lowest close for the blue chips since April 28.