US stocks close lower. Dow down for the 9th consecutive day

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US stocks close lower. Dow down for the 9th consecutive day

The Dow extended its longest losing streak since 1978 to 9 trading days.  That streak has been largely attributed to UniitedHealth.  The price of that stock is down -22.0% since December 4. However, Nvidia is also down -11.02% over the last 9 trading days (so it isn't a one hit wonder). 

The Nasdaq index and S&P are lower on the day. The small-cap Russell 2000 is the worst performer with a decline of -1.18%.

The final snapshot of the market is showing:

• Dow Industrial Average is down -267.58 points or -0.61% at 43449.90
• S&P is down -23.47 points or -0.39% at 6050.61.
• NASDAQ index is down -64.8 report sort -0.32% at 20109.06. Yesterday NASDAQ closed at a new record level.
• Russell 2000-27.91 points or -1.18% and 2334.08.

The S&P segments from strongest to the weakest shows:

• Consumer discretionary: 0.28% (strongest)

• Consumer Staples: -0.13%

• Healthcare: -0.05%

• Energy: -0.38%

• Materials: -0.40%

• Real estate : -0.48%

• Utilities : -0.53%

• Financials: -0.60%

• Communication Services: -0.69%

• Info technology: -0.77% (weakest)

• Industrials: -0.90% (weakest)

                This article was written by Greg Michalowski at www.forexlive.com.

Source: US stocks close lower. Dow down for the 9th consecutive day

forexlive.com