Market Watch: Stocks snap 7 day losing streak

Investors continued to appear nervous as stocks barely held their own today. The market avoided its 8th straight day of losses.  Prior to yesterday’s setback the Dow’s last 7 day losing streak was a year ago in August of 2015.  Oil recovered some today, gaining $1.32 and closing above $40 per barrel, but what is the general census form market watcher out there?  More from CNBC below.

Meantime bond guru/portfolio manager at Janus Capital and Pimco founder Bill Gross said today:

“I don’t like bonds or stocks, and I prefer gold and real assets at a time of high risk.”

Gross has been highly critical of global central banks that have used near-zero interest rates and money printing to try to boost economic growth.

Here are the final numbers from Wednesday, August 3, 2016 on Wall Street:

Dow Jones Industrial Average: 18,355.00  (+41.23 / +0.23%)

NASDAQ: 5,159.74 (+22.00 / +.43%)

S&P 500: 2,163.79  (+6.76/ +0.31%)

Phil Cannella

Phil Cannella

As a partner with CBS Radio in Philadelphia, Phil Cannella reports on the issues most important to the American retiree.
Phil Cannella
- 22 hours ago
Phil Cannella
Phil Cannella

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