Saturday 12 May 2012

U.S. MARKET UPDATE

U.S. stocks fell for a second straight week, driving the Dow Jones Industrial Average to the biggest loss of 2012.
The Dow slipped 217.67 points, or 1.7 percent, to 12,820.60 for its biggest weekly decline of the year.The S&P 500 fell 1.2 percent to 1,353.39, the lowest level in two months. The index dropped 3.6 percent over two weeks, trimming its 2012 gain to 7.6 percent.

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