All good things must come to an end. Wall Street’s seemingly endless rally finally took a breather today, as stocks turned sharply lower in the afternoon. Both the Dow and Nasdaq snapped their nine-day win streaks with steep triple-digit losses, with the blue-chip index ending its run of record closes. The S&P 500 finished firmly in the red as well, but remains a chip shot from its all-time highs. Elsewhere, U.S. treasury yields are still dropping, following hopeful inflation data out of the U.K.
COMMODITIES JOIN IN ON THE FUN
Oil prices rose for the third-straight day amid amid attacks on shipping routes in the Red Sea. West Texas Intermediate (WTI) crude for January delivery rose 28 cents, or 0.4%, to settle at $74.22 a barrel.Gold prices fell amid strength in the U.S. dollar. February-dated gold futures fell $4.40, or 0.21%, to settle at $2,047.70 per ounce.More By This Author:Stocks Flat Despite Improving Consumer SentimentDow, Nasdaq Stay Hot With 9-Straight WinsDow Up Triple Digits; S&P 500 Near Record High
