Market Snapshot: Dow skids nearly 400 points, S&P on track for longest losing streak in roughly 2 years [MarketWatch]
Microsoft Corporation (MSFT)
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Source: MarketWatch
Dow skids nearly 400 points, S&P on track for longest losing streak in roughly 2 years U.S. stocks slumped Wednesday, with major indexes breaking under key support levels and extending their downward spiral, as rising bond yields continued to weigh on market sentiment. The Dow Jones Industrial Average DJIA, -1.28% tumbled 366 points, or 1.4%, to 26,061. The S&P 500 index SPX, -1.32% lost 41 points, or 1.4%, to 2,839. 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 since July, and it could be a catalyst for
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