Dow Down 8 Days: 9th To Come?
The Dow Jones Industrial Average closed down for the eighth consecutive day on Tuesday, posting its longest losing streak since October 10, 2008, when it fell 22 percent over an eight-day period.
In the past eight days, the Dow has dropped 6.7 percent. That compares to a 6.8 percent loss for the S&P 500, and a 5.7 percent decline for the NASDAQ Composite during the same period.
In the last 20 years, there have been 3 instances where the Dow closed down for 8 days or longer. And if the Dow closes lower on Wednesday, it will it be its biggest losing streak since February 22, 1978, when it fell for 9 consecutive days. (Correction, see below)
The table below highlights the biggest percent losers in the S&P 500 in the past eight trading sessions.
Correction: Due to a discrepancy in Reuters data, a previous version of this post incorrectly listed the date as February 1, 1984.
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