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S&P 500 hits worst losing streak since financial crisis | S&P 500 hits worst losing streak since financial crisis |
(about 2 hours later) | |
The S&P 500 has fallen for an eighth straight day, its longest losing streak since the 2008 financial crisis. | The S&P 500 has fallen for an eighth straight day, its longest losing streak since the 2008 financial crisis. |
The index dropped 0.4% to 2,088.66, dragged down by a fall in Facebook shares and continued uncertainty over next week's US presidential election. | The index dropped 0.4% to 2,088.66, dragged down by a fall in Facebook shares and continued uncertainty over next week's US presidential election. |
The tech-heavy Nasdaq also dropped for the eighth day running, falling 0.9% to 5,058.41. | The tech-heavy Nasdaq also dropped for the eighth day running, falling 0.9% to 5,058.41. |
The Dow Jones finished 0.2% lower at 17,930.67. All three indexes started the day higher before slumping back. | The Dow Jones finished 0.2% lower at 17,930.67. All three indexes started the day higher before slumping back. |
"It's a pretty simple equation: uncertainty goes up, stock market goes down," said David Kelly, chief global strategist with JPMorgan Funds. | "It's a pretty simple equation: uncertainty goes up, stock market goes down," said David Kelly, chief global strategist with JPMorgan Funds. |
US stocks have suffered this week amid a narrowing of Hillary Clinton's lead in the polls over her rival Donald Trump. | |
Exercise tracking firm Fitbit was one of the heaviest fallers on Thursday - was down 34% - after it made a weak earnings forecast. | |
Facebook was down 6% after it reported weaker than hoped for figures overnight and warned advertising growth would slow "meaningfully" next year. | Facebook was down 6% after it reported weaker than hoped for figures overnight and warned advertising growth would slow "meaningfully" next year. |
Among the stocks bucking the trend was media giant 21st Century Fox, which jumped 7% after reporting better than expected earnings. | |