News Summary: Stocks close lower for fifth day

Published July 11, 2012 9:25pm ET



DOW DOWN: The Dow Jones industrial average closed lower for the fifth straight day as worries about sluggish economic growth weighed on markets. Minutes from a Federal Reserve meeting highlighted concerns about the U.S. economy.

FIVE-DAY SLUMP: It was the fifth straight day of losses for both the Dow and the S&P 500 index. That’s their worst stretch since a six-day losing streak that ran through May 18.

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