The stocks close at session lows. Major indices extend losing streaks NASDAQ and Dow down five consecutive days

  
Analysis, US Market

The major US indices are closing near session lows, and in the process is extending the losing streaks:

  • Dow and  NASDAQ  are down for the fifth consecutive day
  • S&P is down for the fourth consecutive day
  • NASDAQ is closing near its all-time – 20% off it’s all-time intraday high
  • S&P index is closing near -12% off its all-time intraday high

A look at the closing numbers shows:

  • Dow industrial average down -464.87 points or -1.38% at 33131.77
  • S&P index down -79.28 points or -1.84% at 4225.49
  • NASDAQ index down -344.02 points or -2.57% at 13037.50
  • Russell 2000 down -36.08 points or -1.82% at 1944.092

Some of the big losers today included:

  • Rackspace -12.81%
  • AirBNB -9.2%
  • Rivian, -7.79%
  • Tesla, -7.0%
  • Moderna, -6.37%
  • Beyond Meat, -6.21%
  • Snowflake, -5.65%
  • United Airlines -5.33%
  • Roblox, -5.19%
  • Zoom, -5.14%

Within the Dow 30:

  • Cisco -3.3%
  • Microsoft -2.59%
  • Apple -2.59%
  • salesforce -2.42%
  • Visa -2.4% Home Depot -2.39%
  • Caterpillar -2.38%
  • J.P. Morgan -2.04%
  • Honeywell -1.97%

The pain to the downside continues especially for the NASDAQ stocks

Go to top