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8B Daily News – Tuesday, August 14, 2012 Stocks fall as economic malaise spreads to Japan Wall Street By DANIEL WAGNER AP Business Writer as evidence piled up that the global economic slow- down is dragging on Asia. The losses broke the longest winning streak for the Standard & Poor's 500 index since December 2010. The index had risen for six straight days. Japan's economy grew in the second quarter at a 1.4 percent annual rate, slower than many analysts had expected. Last week, U.S. stocks fell Monday *WILL PAY CASH FOR JUNK CARS* Quality Used Parts for Less 824-2880 10 ACRES OF 22521 Capay Road, Corning CA. 96021 Mon-Fri 8am-5pm • Sat. 9am-2pm Highway 99W & Capay Road (Halfway between Corning & Orland) Auto Recycling Inc. INVENTORY All Star • DOMESTIC • FOREIGN • PICK-UPS China released dismal fig- ures on retail sales and exports in July. Traders had hoped Beijing would roll out stimulus measures over the weekend. That did not happen. 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Yet stocks, bonds and most other investments are all up for the year, Cote noted. He said the markets have been ''pricing in Armageddon when clearly things are much better than that.'' Cote expects stocks to resume their upward trend as fears about the global economy dissipate. The Dow Jones industri- March. The Dow hasn't done so since last October. Mondays, however, al average closed down 38.52 points at 13,169.43. The S&P 500 declined 1.76 to 1,404.11. The Dow is still up 7.8 percent for the year, the S&P 11.7 percent. The S&P 500 and Dow have risen every week for the past five weeks. The S&P 500 last wrapped up a five-week climb in mid- Sierra Sound Car Audio 35th $ 226 So. Main St., Red Bluff 527-3735 All CD's 13.99 Anniversary Sale or less have brought mostly losses for the market in recent weeks. The Dow has fallen for 10 out of the past 11 Mondays, and the S&P 500 has finished down five of the last six. index rose 1.66 points to 3,022.52. 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