Tuesday, May 21, 2024
HomeTrading RoomA 3-Day Winning Streak Is Broken

A 3-Day Winning Streak Is Broken

Tuesday saw a decrease in stocks as Wall Street was under pressure from worries about the status of the global economy, particularly China, and a decline in U.S. banks.

Breaking a three-day winning streak, the Dow Jones Industrial Average dropped 361.24 points, or 1.02%, to finish at 34,946.39. The S&P 500 declined by 1.16%, ending the session below its 50-day moving average at 4,437.86. This move may portend the start of a downtrend. To 13,631.05., the Nasdaq Composite dropped 1.14%.

Source (CNBC)

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