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Dow Jones Industrial Average is Down for 6 Straight Sessions

June 30, 2023
in Trade Tube
Reading Time: 1 min read
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The Dow is on a 6 session losing streak and is now at the lowest level since February. This is the longest losing streak for the blue chip index since Halloween. The down move has put the Dow Jones Industrial Average into the red for the year. Stocks have been pulling back on interest rate worries, a slowdown in China and a recent sell-off in media stocks. Nvidia (NVDA) bucked a slowdown in personal computer sales to post strong second quarter results, a sign customers are upgrading their computers with chips that generate more lifelike images. Bojangles (BOJA) raised the bar on its financial expectations for the remainder of the year. The chicken and biscuit chain ramped up plans for new store openings to between 59 to 62 from 50 to 57.

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