Dow threatens 7-day losing streak; tech rally sends Nasdaq to a record

U.S. equity benchmarks mostly rose in afternoon trading on Wednesday, though the Dow threatened to extend its recent losing streak to a seventh straight session, while gains in technology stocks helped to lift the broader market.

The Dow Jones Industrial Average fell 18 points, or 0.1%, to 24,683, erasing an early advance. The blue-chip average is coming off six straight daily drops, its longest such streak since March 2017. Were the Dow to extend that stretch to seven, it would still represent the longest since that month.

The S&P 500 index however, added 9 points, or 0.3%, to 2,771. The Nasdaq Composite Index was up 69 points to 7,795, a gain of 0.9% that took it to a record.

The Russell 2000 index of small-capitalization stocks rose 0.7% and hit an all-time high. The Russell has outperformed other indexes of late, in part due to the higher domestic focus of its components, which insulates it from trade uncertainty.

Source: Marketwatch

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