The S&P 500 on Wednesday recorded its longest losing streak in five years, and it happens to be one of the strangest slumps in recent history as well.
The benchmark index fell 0.7% to 2,097.94, a seventh consecutive daily loss. The last time the index fell for seven straight days was in late November 2011, when the market tanked 8.6%. Back then investors were gripped by fears over the eurozone economy and the so-called fiscal cliff in the U.S. The S&P 500 index SPX, -0.65% finished 2011 flat.
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