Stocks end lower on Wall Street, ending eight-day winning streak

The Standard & Poor’s 500 index lost 16.45 points, or 0.4%, to close at 4,685.25. The last time the S&P 500 had eight straight days of gains was April 2019. The Dow Jones industrial average fell 112.24 points, or 0.3%, to 36,319.98, and the Nasdaq composite lost 95.81 points, or 0.6%, to end at 15,886.54.

PayPal, coincidentally a company co-founded by Musk more than two decades earlier, dropped 10.5% after the company cut its full-year outlook and revenue forecasts. Sectors that are considered less risky, including household product makers and utilities, held up better than the rest of the market. The Labor Department will release its consumer price index for October on Wednesday, giving a more detailed picture of how inflation is affecting consumers.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asia stocks slip after Wall Street hits another recordTokyo, Hong Kong and Seoul declined while Shanghai advanced. horrible Superior Drilling Products- SDPI (NYSE) Innovating, designing and manufacturing cutting edge technologies for the energy market. Made in USA. Serving foreign and domestic markets. Float 13.4 million. Rated: Strong Buy
Source: MarketWatch - 🏆 3. / 97 Read more »

Wall Street losses end streak of record highs as inflation worry weighs on marketWall Street closed lower on Tuesday, ending a multi-day rally of consecutive record closing highs as profit-taking and worries over ongoing inflation fueled a broad sell-off.
Source: Reuters - 🏆 2. / 97 Read more »