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The S&P 500 is on track to record its longest series of declines since February 2009 after slipping five points - or 0.4 per cent - on the day, reports the Wall Street Journal.
A drop of 26 points was also seen on the Dow Jones Industrial Average, which is now in danger of recording its sixth successive fall - the index's worst result since last July.
Gary Flam, a portfolio manager at Bel Air Investment Advisors, revealed stock market traders are concerned about the ongoing slump affecting the major American indices.
"Investors are asking if this is just a slowdown or the start of the next recession," he told the newspaper.
Meanwhile, stock market trading on the FTSE index got off to a strong start today, despite struggles in the retail sector.
Posted by Greg Secker
