Marts showing few upsides

Wall Street is hoping it can keep the bears at bay — but data forecasters are not cooperating.

Stocks have stalled deep in negative territory during the past three months, shedding more than 13 percent in the broadest market measures and wiping out $1.9 trillion in stock value, according to current data.

“Slow climb out of a deep hole,” is how Credit Suisse economist Jay Feldman described the rut.

The turbulence and slump during five straight sessions last week met a brief cooling-off yesterday when US markets were closed for the July 4th holiday.

Traders faced climbing out of some of their toughest wrong-way bets of the year, with the S&P 500 index off 13.2 percent in the past three months and the Dow Jones industrial average down 11.4 percent.

Adding to the hangover of last week’s jobs report showing the economy is slowing are more new indicators this week that point to further cooling off.

A report on the services industry from the Institute of Supply Management is expected to show more lost momentum among retailers and non-manufacturing businesses as the first half gets under way.