Robert Hum is the Markets Producer at CNBC.
Over the past few days, the markets have been weighed down by weak economic data, downbeat corporate earnings forecasts, and concerns that many financial firms may post large quarterly losses in the upcoming weeks. Now at its lowest level since December 1, the Dow is down for its sixth straight session – its longest losing streak since the beginning of October.
The financial crisis and market turmoil of 2008 have prevented many historical trends from holding true this year. For instance, while November and December are typically two of the markets’ strongest months of the year, the performance during those months this year has been far from stellar.
Since the Lehman bankruptcy on September 15, the S&P 500 has lost one third of its value. During this slide, which has spanned 48 trading sessions, the S&P has fallen on two-thirds of the days.
After taking into account Monday’s plunge, the Dow Industrials is now down 27% from its October 2007 high. The S&P 500 and the Nasdaq Composite have fared a bit worse, declining 29% and 31% from their respective highs last October. Take a look at how some of the other major U.S. indices and sectors have performed since their 52-week high (including Monday’s fall)It's been a rough twelve months. The Dow and S&P are looking to have their 4th straight quarter of declines, something not seen in years. Here is a preview of the quarter end stats and the winners and losers to date.