longest weekly losing streak in nearly a century.
After opening the day higher, the
Dow (INDU) turned negative and was down about 270 points, or 0.9%, in recent trading. The Dow is off by nearly 4% so far this week.
If the Dow finishes down for the week, which it is solidly on pace to do, it would be its eighth-straight weekly loss. That would be the longest weekly losing streak since 1923, according to FactSet data reviewed by LPL Financial.
The
long stretch of losses underscores the negative mood on Wall Street as investors grow nervous about high inflation -- and
what the Federal Reserve will have to do to get prices under control
The
long stretch of losses underscores the negative mood on Wall Street as investors grow nervous about high inflation -- and
what the Federal Reserve will have to do to get prices under control.