Publisher's note: The Dow Jones Industrial Average has possibly finally started to correct itself after recently reaching new and unheard of highs. Time will tell if this correction will continue and what will happen with the markets.
Fox Business: The Dow fell for the third day in a row Tuesday, marking its longest losing streak since late September.
The Dow Jones Industrial Average fell 94.2 points, or 0.59%, to 15915, the S&P 500 dipped 5.8 points, or 0.32%, to 1795 and the Nasdaq Composite slid 8.1 points, or 0.2%, to 4037.
The broad S&P 500 rallied for eight weeks in a row, leading up to this week. However, the markets are solidly in the red this week. The losses have been, ironically, driven by solid data. For example, traders got a batch of stronger-than-expected manufacturing data Monday, followed by better-than-expected UK construction data Tuesday.
The benchmark 10-year yield climbed for three days in a row ended Monday in the biggest such rise since November as traders sold the U.S. debt.Add a comment