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Stocks edge lower as a 4-week rally loses steam

Stocks edge lower as a 4-week rally loses steam

U.S. stocks are ending on a weak note as traders take a break from a four-week rally.
Stocks wavered for much of the day but sank in the last hour. The Dow Jones industrial average is still on track for its best September since 1939 with a gain of 8 percent in the month to date.
According to preliminary calculations, the Dow fell 48, or 0.4 percent, to close at 10,812.
The Standard & Poor's 500 index dropped 6, or 0.6 percent, to 1,142, while the Nasdaq composite fell 11, or 0.5 percent, to 2,370.
Falling stocks outpaced rising ones four to three on the New York Stock Exchange, where volume came to 920 million shares.


Updated : 2021-10-21 11:33 GMT+08:00