Stock market falls for 8th straight session

Friday, November 4, 2016 | Tag Cloud Tags: , ,

(Worthy News) – U.S. stocks closed lower Thursday, marking the S&P 500’s longest losing streak since the depths of the financial crisis, as Facebook shares slumped and investors fretted over election uncertainty.

The S&P 500 SPX, -0.44% finished down 9.28 points, or 0.4%, at a nearly four-month closing low of 2,088.66, with eight of the main 11 sectors closing lower. The tech and health care sectors led the decliners, each with a 1% loss. Earlier, the index had been up nearly 5 points.

It marked the eighth session in a row that the S&P 500 closed lower, matching its longest losing streak since October 2008. Over the streak, the S&P 500 has shed 2.9%, which is the second smallest for losing streaks of eight days or more in the index’s history, according to Dow Jones data. Analysts suggested the tightening race for the U.S. presidency is unsettling investors. [ Source ]

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