Business

Snapshot: Dow turns in a fifth straight losing day

Advertisement

Early this month, stocks hit record highs. But Tuesday, the Dow had a 5th straight losing day. The S&P 500 and Nasdaq rose a bit, but it was their first time out of the red in four days. The slide may reflect a shift in investor strategy. Till June, bond funds were popular, but that was before the Fed chairman signaled a pullback in the $85 billion-a-month bond-purchase program may not be far off. As investors exit bonds, prices fall and yields rise. That makes dividend-paying stocks less attractive: Treasurys offer similar returns with less risk. REITs have been hit amid concern about interest rates, and there are worries about retailers and consumer spending.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
You're reading  1 of 5 free articles.
Get UNLIMITED access for only 99¢ per week Subscribe Now >
You're reading1 of 5 free articles.Keep scrolling to see more articles recomended for you Subscribe now
We hope you've enjoyed your 5 free articles.
Continue reading by subscribing to Globe.com for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com