The Dow is now down 500 points as Wednesday's stock rout grows [MarketWatch]
Microsoft Corporation (MSFT)
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Source: MarketWatch
S&P 500 on track for longest losing streak in roughly 2 years as tech stocks retreat U.S. stocks slumped Wednesday, with major indexes breaching key support levels and extending their downward spiral, as rising bond yields continued to weigh on market sentiment. Technology shares were among the biggest losers. The Dow Jones Industrial Average DJIA, -1.96% tumbled 408 points, or 1.5%, to 26,023. The S&P 500 index SPX, -2.04% lost 45 points, or 1.6%, to 2,835. The benchmark index is on track for its fifth straight daily drop, which would be its longest losing streak since November 2016. The S&P fell below its 50-day moving average for its fourth straight session. The average is a closely watched technical level that is often seen as a proxy for short-term momentum trends. The benchmark index has dipped under it for three straight sessions, though each time it has rebounded to close above it. Should it end below the level on Wednesday, that would mark the first time it has done so
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