Dow snaps its longest winning streak since 1987

On Thursday, U.S. stock indexes closed in negative territory, breaking the remarkable 13-day winning streak of the Dow Jones Industrial Average, which had been the longest such streak since 1987.

Earlier in the day, stocks had surged following positive gross domestic product (GDP) figures indicating a strengthening U.S. economy in the second quarter.

The previous day, the Dow had risen by 0.2%, marking its 13th consecutive session of gains.

Initially, U.S. stocks received a boost from strong earnings reports and favorable economic data in the morning, Market Watch has reported.

READ MORE: https://www.marketwatch.com/story/dow-futures-point-to-14th-gain-in-a-row-as-nasdaq-100-futures-jump-a61bd2c0

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