NEW YORK—Another dose of anguish about the global economic recovery sent the Dow Jones Industrial Average to the first close below 12000 since mid-March, capping the blue-chip index’s longest weekly slump since 2002.

Another dose of anguish about the global economic recovery sent the Dow to the first close below 12000 since mid-March, capping the blue-chip index’s longest weekly slump since 2002. Paul Vigna discusses.

The Dow industrials sank 172.45 points, or 1.4%, to 11951.91, the sixth straight week of declines. The Standard & Poor’s 500-stock index shed 18.02, or 1.4%, to 1270.98. That broad index also has notched six weeks of declines, the longest losing streak since 2008.

Two closely watched stock indexes turned negative for the year Friday. The Nasdaq Composite Index fell 41.14, or 1.5%, to 2643.73. The small-capitalization Russell 2000 fell 13.10, or 1.7%, to 779.54.

Investors were dour after U.S. May import prices showed a surprise rise of 0.2%, hinting at an inflation push coming into the U.S. from abroad. Overseas, sovereign-debt worries continued to rattle investors, pushing European stocks lower. A surprise interest-rate increase by the Bank of Korea weighed on Asian bourses.

The action follows a string of weak readings on the U.S. economy that have joined with pessimism about weaker global growth to weigh on major stock indexes. Unsurprisingly, the mood on the trading floor was grim.

“At the moment there doesn’t seem to be any place to hide,” said Ted Weisberg, pres

sent the Dow Jones Industrial Average to the first close below 12000 since mid-March

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