Dow books longest losing skid in 3 months and Nasdaq snaps 5-session rally but GameStop stock surges again – MarketWatch

U.S. stocks finished slightly lower in the final minutes of trading on Tuesday, a day ahead of an important update from the Federal Reserve and as investors digested a slew of corporate quarterly results. The Dow Jones Industrial Average [: DJIA] closed down less than 0.1% at about 30,937, but the decline was enough for a fourth straight loss, which matches a similar downturn that ended Oct. 28, according to FactSet data. The S&P 500 index

pulled back from Monday’s record closing high to end 0.2% lower at around 3,849, while the Nasdaq Composite Index

snapped a five-sesson win record win streak to finish at around 13,626 as buying in large-capitalization technology-related stocks cooled somewhat. Meanwhile, investors continued to watch frenzied trading in companies like videogame retailer GameStop

which surged 93% on Tuesday and has gained 685% in January alone.

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