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Stocks Log 4-Day Loss, Dow Ends Below 13,000
09 Apr 2012 EDT -
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Stocks accelerated their losses in the final minutes of trading to close sharply in the red for the fourth-straight session Monday after last week's disappointing jobs report raised concerns over the strength of the economy.

Stocks had modestly clawed back from their lows throughout the afternoon after tumbling heavily at the open.

The Dow Jones Industrial Average logged a decline for the fourth-consecutive session, tumbling 130.55 points, or 1.00 percent, to end at 12,929.59, led by Disney and BofA .

The blue-chip index is below its 50-day moving average for the first time since December.

The S&P 500 declined 15.88 points, or 1.14 percent, to close at 1,382.20. The Nasdaq slumped 33.42 points, or 1.08 percent, to finish at 3,047.08.

The CBOE Volatility Index, widely considered the best gauge of fear in the market, ended above 18 after earlier spiking to a one-month high.

All 10 S&P sectors closed firmly in negative territory, led by banks and industrials.

Trading volume was the second lightest this year, with only a total of 3.14 billion shares exchanging hands on the NYSE today.

Stocks suffered their biggest weekly decline in 2012 last week amid worries over the euro zone and disappointment over the Fed's toned down the likelihood for further quantitative easing.

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