SAN FRANCISCO (MarketWatch)U.S. stocks lurched their way to a slight closing loss Monday, still enough to extend the Dow Jones Industrial Average's losing streak to seven.
The Dow Jones Industrial Average ended down 10.75 points, or 0.1%, to 12,132.49, down for a seventh day, its longest string of straight declines since early July 2010.
The blue-chip average had rallied out of the gate, gaining as much as 139 points, after the Obama administration and Congress announced a compromise to lift the debt ceiling and cut spending. But disappointment over a manufacturing report and worries about vote passage sent the Dow skidding under 12,000.
The S&P 500 lost 5.3 points, or 0.4%, to 1,286.94.
The Nasdaq Composite fell 11.77 points, or 0.4%, to 2,744.61.

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