Dow Plunges 265 Points
Worries about the U.S. economy pushed stocks to the longest losing streak in nearly three years, sending the Standard & Poor's 500-stock index to a 2011 closing low.</br></br>The Dow Jones Industrial Average tumbled 265.87 points, or 2.2%, to 11866.62, on Tuesday. The blue-chip index's eighth consecutive decline marks its longest losing streak since October 2008. It has lost 6.7% during the skid, dating back to July 22. This is only the sixth time the Dow has dropped eight straight days in more than 30 years.</br></br>Tuesday's selloff steepened just before the closing bell. The Dow dropped more than 100 points in the final hour of trading. All 30 Dow components finished in the red.</br></br>The S&P 500 shed 32.89 points, or 2.6%, to 1254.05, marking its seventh straight loss. The index suffered its biggest percentage drop in a year and registered the lowest close since December.</br></br>All 10 sectors in the index finished in negative territory, led lower by consumer-discretionary and industrial stocks.