Dow Snaps 7-day Win Streak, Retreats From Record

By Anora MahmudovaMarketsMarketWatch Pulse

The Dow Jones Industrial Average closed lower on Wednesday, snapping a seven-day winning streak and retreating from record territory. The breather comes after the biggest weekly rally in years, which was fueled by fiscal stimulus hopes. The S&P 500 closed 3.43 points, or 0.2%, lower at 2,176.97. The Dow Jones Industrial Average declined 54.30 points, or 0.3%, to 18,868.76. But a rally in tech stocks on Wednesday led the Nasdaq Composite into positive territory, with the index ending the session up 18.96 points, or 0.4%, at 5,294.58.

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