Markets Snap Winning Streaks; Dow’s Worst Day in Weeks


Posted on: May 16th, 2013 by ABC News No Comments

Hemera/Thinkstock(NEW YORK) — The Dow Jones Industrial Average finished Thursday trading down 42 points at 15,233.22 , the first loss for the blue chips index in three days and its worst session in weeks.

The Nasdaq Composite and S&P 500 also closed lower Thursday, with both indices snapping four-day winning streaks. Just like the Dow, this was the worst day for both averages in over two weeks.
 
The Nasdaq closed six points in negative territory at 3,465.24 after touching a 12-year high earlier Thursday. The S&P gave up eight points for the session, closing at 1,650.47.
 
Meanwhile, the number of Americans seeking unemployment aid rose 32,000 last week to a seasonally adjusted 360,000, the most since late March. The jump comes after applications fell to a five-year low.
 
Copyright 2013 ABC News Radio



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