Dow Jones Industrial Average Records Longest Losing Streak Since 2011

U.S. stocks closed sharply lower Friday, as the Dow Jones Industrial Average extended losses for the seventh straight session, marking its longest losing streak in four years. The financial markets reacted with mixed emotions to the government's solid employment report for July, which signaled the Federal Reserve will likely remain on tract to raise interest rates as early as September. Rates have hovered at historical lows for more than six years.