Most 2011 stock market gains are gone

The Dow Jones industrial average slips below 12,000 for the first time since March. Negative reports on manufacturing, real estate prices and unemployment as well as other economic benchmarks have led to six consecutive weeks of falling share prices.

By Nathaniel Popper, Los Angeles Times

June 10, 2011, 6:33 p.m.
Reporting from New York—

So much for those stock market gains that were fattening up portfolios not so long ago.

Disappointing economic news drove stocks down again Friday, sending the Dow Jones industrial average below 12,000 for the first time since March 18.

Most of the profits U.S. stock investors have seen since the beginning of the year have been wiped out after six straight weeks of falling share prices.

Full story:
http://www.latimes.com/business/la-fi-markets-20110611,0,840254.story