https://sputnikglobe.com/20211109/wall-street-down-as-big-tech-ends-11-day-stocks-rally-tuesday-1090606400.html
Wall Street Down as Big Tech Ends 11-Day Stocks Rally Tuesday
Wall Street Down as Big Tech Ends 11-Day Stocks Rally Tuesday
Sputnik International
NEW YORK (Sputnik) - One of the longest-running rallies on Wall Street came to an end on Tuesday as technology stocks closed down the first time in 11 days... 09.11.2021, Sputnik International
2021-11-09T22:33+0000
2021-11-09T22:33+0000
2021-11-09T22:33+0000
business
us
wall street
big tech
us stocks
https://cdn1.img.sputnikglobe.com/img/07e5/0b/09/1090606360_0:161:3071:1888_1920x0_80_0_0_c62ca1403663e9a5ffc91d9024fd391e.jpg
All three of the major US equity indexes - the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite - had whetted the appetite of equity bulls by reaching one pinnacle after another since the final week of October, energized by stellar third-quarter earnings, assurance of friendly monetary policy by the Federal Reserve and a $1 trillion infrastructure spending boost passed by Congress.The party came to a stop after 11 days of record highs for the Nasdaq, eight days of wins for the S&P 500 and peaks in seven days out of nine for the Dow.Nasdaq, which groups Big Tech names such as Facebook, Amazon, Apple, Netflix and Google, closed down 96 points, or 0.6%, at 15,887. It gained almost 6% from its 11-day winning streak, hitting a final record high of 16,053. Nasdaq remains up 23% on the year.The S&P 500, which represents the top 500 US stocks, settled down 96 points, or 0.6%, at 4,685. The index rose more than 3% over an eight-day stretch, hitting an all-time high of 4,719. The S&P 500 is up 25% on the year.The Dow, a blue-chip index which groups mostly industrial stocks, finished down 112 points, or 0.3%, at 36,320. It gained almost 2% net over an eight-day stretch, rising to a hitherto unseen peak of 36,566. The Dow remains up 19% on the year.
https://sputnikglobe.com/20211108/wall-street-closes-at-record-highs-after-lawmakers-agree-to-infrastructure-deal-1090577750.html
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
2021
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
News
en_EN
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
https://cdn1.img.sputnikglobe.com/img/07e5/0b/09/1090606360_295:0:3026:2048_1920x0_80_0_0_513981c5def30642c3e07c98933d63e8.jpgSputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
business, us, wall street, big tech, us stocks
business, us, wall street, big tech, us stocks
Wall Street Down as Big Tech Ends 11-Day Stocks Rally Tuesday
NEW YORK (Sputnik) - One of the longest-running rallies on Wall Street came to an end on Tuesday as technology stocks closed down the first time in 11 days after a streak of record highs, setting the pace for industrials and blue chips to settle lower as well from recent peaks.
All three of the major US equity indexes - the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite - had whetted the appetite of equity bulls by reaching one pinnacle after another since the final week of October, energized by stellar third-quarter earnings, assurance of friendly monetary policy by the Federal Reserve and a $1 trillion infrastructure spending boost
passed by Congress.
The party came to a stop after 11 days of record highs for the Nasdaq, eight days of wins for the S&P 500 and peaks in seven days out of nine for the Dow.
The market “went on a relentless run and was ripe for a down day”, Ed Moya, analyst at online trading platform OANDA, said.
![The New York Stock Exchange operates during normal business hours in the Financial District, Wednesday, Oct. 13, 2021, in the Manhattan borough of New York. The New York Stock Exchange operates during normal business hours in the Financial District, Wednesday, Oct. 13, 2021, in the Manhattan borough of New York. - Sputnik International, 1920, 08.11.2021](https://cdn1.img.sputnikglobe.com/img/07e5/0a/1d/1090331187_0:410:3073:1639_1920x0_80_0_0_d3b6ac6f3e8bf6223bb1cd9777f00966.jpg)
8 November 2021, 23:14 GMT
Nasdaq, which groups Big Tech names such as Facebook, Amazon, Apple, Netflix and Google, closed down 96 points, or 0.6%, at 15,887. It gained almost 6% from its 11-day winning streak, hitting a final record high of 16,053. Nasdaq remains up 23% on the year.
The S&P 500, which represents the top 500 US stocks, settled down 96 points, or 0.6%, at 4,685. The index rose more than 3% over an eight-day stretch, hitting an all-time high of 4,719. The S&P 500 is up 25% on the year.
The Dow, a blue-chip index which groups mostly industrial stocks, finished down 112 points, or 0.3%, at 36,320. It gained almost 2% net over an eight-day stretch, rising to a hitherto unseen peak of 36,566. The Dow remains up 19% on the year.