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US stocks close lower as S&P 500 rally peters out

Cover Image for US stocks close lower as S&P 500 rally peters out

Shares end a nine-day streak of gains amid expectations of ‘significant trade deals’ between the US and top partners.

NEW YORK: US stocks closed lower Monday, ending a nine-day streak of gains for the S&P 500 index as service sector activity data came in slightly better than expected.

The broad-based index fell 0.6% to 5,650.38, while the Dow Jones Industrial Average closed down 0.2% at 41,218.83.

The tech-rich Nasdaq completed the trio of declines among the major Wall Street indices, closing down 0.7% at 17,844.24.

Tags:Berkshire HathawayDow Jonesentertainment stocksfinancial marketsfinancial newsGreg AbelJuly deadlineNasdaqNetflixs&p 500


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