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Dow Posts 7th Straight Loss

But S&P ends higher, and Nasdaq sets another record
By Newser Editors and Wire Services
Posted Jun 20, 2018 3:00 PM CDT
Dow Posts 7th Straight Loss
Trader John Panin works on the floor of the New York Stock Exchange, Tuesday, June 19, 2018.   (AP Photo/Richard Drew)

(Newser) – Stocks are ending mostly higher Wednesday, although the Dow Jones industrials are posting a seventh straight loss due to weakness in McDonald's and Travelers, the AP reports. The Dow slid 42.41, or 0.2%, to 24,657.80. It's fallen 2.6% during the losing streak. The broader S&P 500 index gained 4.73 points, or 0.2%, to 2.767.32 and the Nasdaq composite rose 55.93, or 0.7%, to 7,781.51, helped by solid gains in technology stocks. The Nasdaq set an all-time high. Media companies jumped after Disney reached a sweetened deal to buy the entertainment business of Twenty-First Century Fox. Starbucks plunged to its lowest level in a year and a half after saying its US and China businesses have run into trouble during the current quarter. (Read more stock market stories.)

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