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Dow Falls 6th Day in Longest Slump Since August on Greece
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The Dow Jones Industrial Average declined for a sixth straight day, the longest losing streak since August, amid concern Greece’s debt crisis is worsening as the nation struggles to form a coalition government.
Equities trimmed losses as Europe’s bailout fund said it will pay the next installment of aid to Greece. General Electric Co. and JPMorgan Chase & Co. slid more than 1.7 percent to pace declines among the largest companies. Macy’s Inc., the owner of its namesake department stores, slumped 3.7 percent as its profit forecast for this year trailed projections. Walt Disney Co. advanced 1.6 percent, to an all-time high, after the world’s largest entertainment company said earnings surged 21 percent.