Market recap: Stock indexes broke down in late trading, with the S&P going negative for the...

|By:, SA News Editor
Market recap: Stock indexes broke down in late trading, with the S&P going negative for the year and the Dow posting its eighth straight loss. Investors have quickly moved away from the debt debate to the reality of austerity in the midst of a slowing economy. Europe continues to deteriorate, with Italy and Spain under siege. Gold soared past $1,650, Treasury yields tumbled. NYSE losers led winners five to one.