Newspaper article St Louis Post-Dispatch (MO)

S&P 500 Index Marks Its Longest Losing Streak in 36 Years

Newspaper article St Louis Post-Dispatch (MO)

S&P 500 Index Marks Its Longest Losing Streak in 36 Years

Article excerpt

NEW YORK * The slow, steady retreat of the stock market ahead of the 2016 election continued Friday, with the market falling for a ninth straight day. Wall Street is now in its longest period of decline in more than three decades.

Investors continue to focus on the U.S. presidential election, which has become too close for comfort for some and has put the market on the defensive.

The Dow Jones industrial average lost 42.39 points, or 0.2 percent, to 17,888.28. The Standard & Poor's 500 index lost 3.48 points, or 0.2 percent, to 2,085.18 and the Nasdaq composite lost 12.04 points, or 0.2 percent, to 5,046.37.

The last time the S&P 500 fell for nine straight days is December 1980, nearly 36 years ago. Ronald Reagan wasn't even president yet.

However, the nine days' worth of declines has been relatively minor, comparatively speaking. …

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