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June 9, 2021, 4:08 p.m. EDT

Dow ends lower for 3rd straight to match longest skid in 3 weeks as Nasdaq falls for first time in 4 sessions

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By Mark Decambre

The Dow on Wednesday ended lower for the third day in a row, ahead of an eagerly awaited inflation report, which could set the tone for the broader financial markets. The S&P 500 and the Nasdaq also finished lower, with the Nasdaq Composite booking its first loss in the past four sessions. Selling in financials /zigman2/quotes/209660484/composite XLF +0.17% amid the lowest yields for the 10-year Treasury note /zigman2/quotes/211347051/realtime BX:TMUBMUSD10Y 0.00% since March, weighed on yield-sensitive bank stocks. The Dow closed about 152 points, or 0.4%, lower at 34,447, matching its longest string of losses since the period ended May 19. The S&P 500 index /zigman2/quotes/210599714/realtime SPX +1.01% closed 0.2% lower at around 4,220, while the Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP +1.04% finished the session around 0.1% lower at 13,912, but briefly breached a psychologically important level at 14,000 earlier in the day. Investors are awaiting inflation data due on Thursday, the consumer-price index, that could offer more clarity on the path of inflation as the economy picks up after the COVID pandemic. In corporate news, shares of Clover Health Investments Corp. /zigman2/quotes/217322673/composite CLOV -6.61% closed almost 24% lower Wednesday, after an 85% pop on Tuesday as it joined the ranks of meme stocks at the center of a speculative frenzy by individual investors. Meme stocks mostly ended lower, including AMC Entertainment Holdings, down 10.4%, while GameStop Corp. /zigman2/quotes/203755179/composite GME +0.84% , finished up less than 1%, ahead of its quarterly upate set for after Wednesday's closing bell.

/zigman2/quotes/209660484/composite
US : U.S.: NYSE Arca
$ 36.26
+0.06 +0.17%
Volume: 36.77M
July 23, 2021 4:00p
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/zigman2/quotes/211347051/realtime
add Add to watchlist BX:TMUBMUSD10Y
BX : Tullett Prebon
1.28
0.00 0.00%
Volume: 0.00
July 23, 2021 4:57p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,411.79
+44.31 +1.01%
Volume: 1.78B
July 23, 2021 5:16p
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/zigman2/quotes/210598365/realtime
US : Nasdaq
14,836.99
+152.39 +1.04%
Volume: 3.50M
July 23, 2021 5:16p
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/zigman2/quotes/217322673/composite
US : U.S.: Nasdaq
$ 8.05
-0.57 -6.61%
Volume: 28.13M
July 23, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$3.46 billion
Rev. per Employee
$256.02
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/zigman2/quotes/203755179/composite
US : U.S.: NYSE
$ 180.36
+1.51 +0.84%
Volume: 1.32M
July 23, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$13.85 billion
Rev. per Employee
$424,150
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