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S&P 500 logs worst loss in a month, ending lower for first time in 6 sessions as stock market's record streak ends

U.S. stocks finished lower Tuesday, but off the session lows, halting a five-day run of record finishes for the Dow Jones Industrial Average and S&P 500. The decline for the S&P 500 was the steepest daily drop since July 19 and the sharpest for the Dow since Aug. 4, and came as July retail sales came in weaker than expected amid concerns about the economic impact of the delta variant of the coronavirus. The Dow closed down by about 282 points, or 0.8%, at 35,343, the S&P 500 index declined 0.7% to reach 4,448, on a preliminary basis. The Nasdaq Composite Index , meanwhile, was hardest hit, down 0.9% to 14,656. The daily drop for the Nasdaq was its steepst since July 17. Home Depot (HD) was the biggest drag on the Dow, as shares of the blue-chip component fell 4.3% after the home-improvement retailer reported fiscal second-quarter profit and record sales that topped expectations but same-store sales that came up short.

-Mark Decambre

 

(END) Dow Jones Newswires

08-17-21 1616ET

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