Dow extends losing streak to seventh session
The Dow Jones Industrial Average extended its losing streak to a seventh session on Tuesday as investors shied away from risky assets on the back of tepid economic data and weak oil prices. Disappointment over the Bank of Japan's feeble stimulus package also weighed on sentiment. The Dow fell 90 points, or 0.5%, to close at 18,314. The S&P 500 dropped 14 points, or 0.6%, to end at 2,157 while the Nasdaq Composite Index shed 46 points, or 0.9%, to close at 5,137. U.S. benchmark West Texas Intermediate crude settled below $40 for the first time since April, pressured by worries over excess supply.
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