The Dow’s nine day winning streak ended today as did its record of seven consecutive days of record highs. The blue chip index was down over 120 points at one point before finally closing down nearly 80 points. The price of oil fell over 2% to under $45/barrel. Gold was up over 1% or over $13 to $1,332 per ounce. Uncertainty over what the Fed may decide at next week’s meeting led to a down day on all three major indices.
See USB’s Art Cashin give his explanation to CNBC today.
Here are the final numbers from Thursday, July 21st on Wall Street:
Dow Jones Industrial Average: 18,516.75 (-78.28 / -0.42%)
NASDAQ: 5,073.90 (-16.03 / -.31%)
S&P 500: 2,165.17 (-7.85/ -0.36%)