Amid a flurry of recent poor economic data, the Dow and S&P 500 are now on track to close in negative territory for 5 straight weeks. During this time, the Dow is down about 5.1 percent, while the S&P is off 4.4 percent.
At the current levels, it will be the Dow’s first 5-week losing streak since July 2004 and its worst 5-week streak since October 2002. Meanwhile, the S&P is having its first 5-week losing streak since July 2008, when it fell nearly 9 percent over that period.
Since the overall market closed at multi-year highs on April 29, cyclical stocks have clearly led the retreat.
Here’s how the major indices, sectors and Dow 30 have performed since April 29: