US stocks close lower, ending Nasdaq streak with 2.1% fall

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NEW YORK: The Nasdaq's six-day winning streak ended on Tuesday (May 12) as US stocks pulled back after a top government scientist warned against ...

NEW YORK: The Nasdaq's six-day winning streak ended on Tuesday as US stocks pulled back after a top government scientist warned against ending the coronavirus shutdowns and reopening the economy too quickly.Advertisement

After a bruising March as major parts of the US economy shuttered to combat the coronavirus, stocks have risen steadily in anticipation of the relaunching of the economy and the boost from unprecedented US stimulus.

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