S&P Snaps 6-Day Win Streak as Market Rally Loses Steam
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The Nasdaq Composite fell 0.4%. Investors are still a bit on edge about the Moody’s downgrade of U.S. sovereign debt, as the yield on the 10-year Treasury note rose to 4.48% and the U.S. Dollar Index fell 0.4%. "We are not hearing a concrete reason for the slide," writes Mizuho's Daniel O'Regan.
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