Market Snapshot: Dow snaps 6-day win streak as stocks fail to defend early gains [MarketWatch]
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Source: MarketWatch
Dow snaps 6-day win streak as stocks fail to defend early gains U.S. stocks came off intraday highs to close lower Tuesday, with the Dow snapping a six-day win streak, as investors digested a new round of posturing on the U.S.-China trade standoff even amid more signs of global economic stimulus. The Dow Jones Industrial Average DJIA, -0.05% fell 14.17 points to 26,048.51, coming off its longest string of gains since May 2018. The S&P 500 index SPX, -0.03% lost 1.01 points to 2,885.72 and the Nasdaq Composite Index COMP, -0.01% shed 0.60 point to 7,822.57. At session highs, the Dow had risen 0.7%, the S&P had climbed 0.8%, and the Nasdaq rallied 1.1% Wall Street got a bump early in the session after Chinese authorities backed special-purpose bond issuances by local governments. The move is an effort to accelerate financing of major projects through the bond issuances, which are used largely for infrastructure investment, the People’s Bank of China said in a joint statement wi
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