Dow industrials sees worst losing streak since 2011

U.S. stocks finished lower Friday, with the Dow industrials hitting its worst losing streak in four years, as in-line jobs data raised the chances of a Federal Reserve rate hike in September. The Dow Jones Industrial Average fell 46.37 points, or 0.3%, to 17,373.38, for its seventh-straight session of declines. The last time the Dow logged more than six days of straight losses was August 2011, during the debt-celing crisis, when it fell eight days in a row. The S&P 500 Index finished down 5.99 points, or 0.3%, at 2,077.57, and the Nasdaq Composite Index dipped 12.90 points, or 0.3%, to 5,043.54.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Leave a Reply