Stocks head to lower open after 5 losing weeks
by MATTHEW CRAFT,AP Business Writer
Jun 06, 2011 | 705 views | 0 0 comments | 2 2 recommendations | email to a friend | print
NEW YORK (AP) — Stocks appear headed to a lower opening, after a week in which the three major indexes lost more than 2 percent.

The market barometers have now fallen for five straight weeks.

A dismal jobs report last Friday sent the Dow Jones industrial average, S&P 500 index and Nasdaq composite sharply lower. The Labor Department reported that employers added only 54,000 new workers in May, the fewest in eight months. The unemployment rate inched up to 9.1 percent from 9 percent.

For the year, the Dow remains up 5 percent. The S&P and Nasdaq are up more than 3 percent.

Ahead of the opening bell Monday, Dow futures are down 24 points at 12,101. S&P 500 futures are down 3 at 1,293. Nasdaq 100 futures are down 5 at 2,282

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