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Stocks coming of three straight losing sessions

7:08 AM, Nov 16, 2012   |    comments
A sign for Wall Street is seen just outside the New York Stock Exchange.(Photo: Timothy A. Clary, AFP/Getty Images)
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NEW YORK (AP) - Wall Street is building a bit of a losing streak, seeing three straight declining sessions.

Weak earnings forecasts from retailers, including Wal-Mart, Ross Stores and Limited Brands, the owner of Victoria's Secret, helped dampen any enthusiasm Thursday.

The Dow wavered between small gains and losses shortly after the opening bell, before moving lower at midmorning. It closed with a loss of 29 points at 12,542.

The S&P 500 index fell two points and starts the day at 1,353. The Nasdaq fell 10 to 2,837.

Stocks have fallen steadily since voters returned President Barack Obama and a divided Congress to power. The Dow has lost 5 percent from Election Day, Nov. 6.






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