- John Nyaradi
The S&P 500 (NYSEARCA:SPY) rallied late in the day but failed to close in the black to lose its longest winning streak since the end of 2010.
Headwinds materialized from reports indicating a slowing Japanese economy and that, combined with thin summer trade, generated the S&P 500′s (NYSEARCA:SPY) first loss in a week.
For the day, the Dow Jones Industrial Average (NYSEARCA:DIA) fell 38 points, or 0.29%, the S&P 500 (NYSEARCA:SPY) fell 0.13%, the Nasdaq 100 (NYSEARCA:QQQ) climbed 0.2% and the Russell 2000 (NYSEARCA:IWM) fell 0.26%
The global economy continued slowing which cast a