Dow's six-day winning streak in danger as blue-chip gauge retreats 340 points
U.S. stocks fell at the start of Tuesday's trade as major equity benchmarks took a breather from their rally after racking up significant gains in the past few weeks. The S&P 500 SPX, -0.58% retreated 34 points, or 1.1%, to 3,199. The Dow Jones Industrial Average DJIA, -0.58% shed 331 points, or 1.2%, to 27,242.
The Nasdaq Composite COMP, +0.16% fell 55 points, or 0.6%, to 9,869. On Monday, the tech-heavy Nasdaq closed at a record, and the S&P 500 erased all of its year-to-date losses. Investors continued to take optimism in efforts to reopen the U.S. economy, a day after New York City allowed some non-essential businesses to reopen.
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