U.S. stocks continue to be vulnerable to every headline emerging from Europe, where leaders are preparing for a weekend summit to talk about the debt crisis.
The Dow has now alternated between gains and losses for 11 consecutive sessions, the S&P 500 for seven, highlighting the uncertain nature of investor sentiment these days.
The Dow has only experienced such a streak of 11 sessions or longer five other times in its history.
We now know that a definitive plan to ease the European debt crisis won't happen at this weekend's gathering - that is now hoped to happen in a second summit set to happen by Wednesday at the latest.
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