The Dow had lost 157 points, or 0.9%, over the second quarter and 47 points, or 0.3%, over the first quarter. The last time the Dow had a three-quarter losing streak was the six-quarter stretch ending the first quarter of 2009.
Before that, there was a five-quarter losing streak ending with the first quarter of 1978, according to FactSet data. In the Dow’s 119-year history, there have now been 20 quarterly losing streaks that stretched at least three quarters.
US companies with defined benefit pension plans will save at least $18 billion in 2016 because the IRS has yet to adopt updated assumptions on how long Americans are living, says Moody’s Investors Services.
Stocks rise and fall, but bonds are starting to make people anxious no matter what they do.
Listen in for much more in A Wall Street Wrap-up.
