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Investing.com — The Dow closed lower Wednesday, snapping a seven-day wining streak as investors paused their bullish bets on stocks amid ongoing quarterly corporate earnings and remarks from Federal Reserve officials.
At 16:00 ET (21:000 GMT), the fell 0.1%, or 40 points, while the and ended 0.1% higher, with both indexes extending their winning streak.
The benchmark S&P and tech-heavy Nasdaq notched their seventh and eighth straight day of gains on Tuesday, respectively, in the longest winning streak for both indices since 2021. The 30-stock Dow also posted its seventh consecutive positive day.
Powell offers scant clues on future policy; 10-year Treasury yields lower after auction
Fed chairman Jerome Powell didn’t offer clues on future monetary policy in opening remarks at the Fed’s statistics conference on Wednesday, but he is slated to speak as part of panel on Thursday.
The yield on fell 5.5 basis points to 4.516% after the U.S. Treasury auctioned $40 billion of 10-year notes at a high yield of 4.519%, lower than the prior auction’s 4.61% yield.
Utilities, energy stocks weigh
Utilities and energy stocks were the biggest decliners on…
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