Markets Right Now: S&P 500 extends losing streak to 8 days

AP News
|
Posted: Nov 03, 2016 4:07 PM

NEW YORK (AP) — The latest on developments in U.S. financial markets:

4:00 p.m.

The stock market's pre-election funk has extended into an eighth straight day, marking the longest losing streak for a key benchmark since the 2008 financial crisis.

The Standard & Poor's 500 index took another turn lower Thursday as investors worried that Election Day could upset the status quo in Washington and the U.S. economy.

The losses for U.S. stocks were modest but broad. Health care and technology companies fell more than the rest of the market, and several companies declined after reporting disappointing earnings or outlooks.

Fitbit plunged 34 percent and Facebook lost 6 percent.

The Dow Jones industrial average slipped 29 points, or 0.2 percent, to 17,930. The S&P 500 fell 9 points, or 0.4 percent, to 2,088. The Nasdaq composite lost 47 points, or 0.9 percent, to 5,058.