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Sept. 6, 2022, 3:57 p.m. EDT

Dow sees 400-point swing as small caps head for longest losing streak since 2018

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By Joseph Adinolfi

U.S. stocks pared losses heading into final hour of trading Tuesday to cap off a volatile session that has seen the the Dow Jones Industrial Average swing approximately 400 points from peak to trough. The Nasdaq Composite /zigman2/quotes/210598365/realtime COMP -0.52% was down 64 points, or 0.6%, at 11,566, while the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.03% was down 10 points, or 0.3%, at 3,912. The Dow /zigman2/quotes/210598065/realtime DJIA +0.45% was down 150 points, or 0.5%, at 31,170. Only four of 11 S&P 500 sectors were trading in the green: Health-care, industrials, real-estate and utilities. Meanwhile, the communications services sector, a collection of technology, media and telecommunications stocks, was the worst performer, with the Communications Services Select Sector SPDR exchange-traded fund /zigman2/quotes/204079482/composite XLC -0.55% down 1.1%. Market strategists blamed surging Treasury yields for the underperformance in technology stocks as the Nasdaq Composite was on track for a seventh day in the red --- what would be its longest losing streak since November 2016. Meanwhile, the Russell 2000 index /zigman2/quotes/210598147/delayed RUT +0.30% of small-cap stocks was down 16 points, or 0.9%, at 1,793, headed for a seventh day in the red, what would be its longest losing streak since December 2018.

US : Nasdaq
-58.96 -0.52%
Volume: 2.23B
Nov. 25, 2022 4:30p
-1.14 -0.03%
Volume: 0.00
Nov. 25, 2022 2:32p
US : Dow Jones Global
+152.97 +0.45%
Volume: 0.00
Nov. 25, 2022 2:32p
US : U.S.: NYSE Arca
$ 50.20
-0.28 -0.55%
Volume: 1.90M
Nov. 25, 2022 1:10p
US : US Composite
+5.67 +0.30%
Volume: 802,344
Nov. 25, 2022 4:14p

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