Dow set for worst new-year losing streak since '82

[barb162]

NEW YORK (Reuters) - The Dow Jones was looking set to close lower for the week Friday -- marking the first time in more than 20 years it has fallen for the first three weeks of the start of a year.

Dow Jones Indexes said the last time the Dow had fallen for the first three weeks of a year was 1982.

A weak January could set the tone for the months ahead, said Robert Drust, managing director of listed trading at regional investment bank Wedbush Morgan.

snip

Heading into the final hour of trading, the Dow on track to end the week 1.2 percent lower, its fourth consecutive week of losses.


© Copyright Reuters Ltd. All rights reserved. The information contained In this news report may not be published, broadcast or otherwise distributed without the prior written authority of Reuters Ltd.


01/21/2005 14:49
RTR


http://cnn.netscape.cnn.com/ns/news/story.jsp?id=2005012114490002900304&dt=20050121144900&w=RTR&coview=