The stocks close at session lows. Major indices extend losing streaks

The major US indices are closing near session lows, and in the process is extending the losing streaks:

• Dow and NASDAQ NASDAQ The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass Read this Term are down for the fifth consecutive day
• S&P is down for the fourth consecutive day
• NASDAQ is closing near its all-time - 20% off it's all-time intraday high
• S&P index is closing near -12% off its all-time intraday high

A look at the closing numbers shows:

• Dow industrial average down -464.87 points or -1.38% at 33131.77
• S&P index down -79.28 points or -1.84% at 4225.49
• NASDAQ index down -344.02 points or -2.57% at 13037.50
• Russell 2000 down -36.08 points or -1.82% at 1944.092

Some of the big losers today included:

• Rackspace -12.81%
• AirBNB -9.2%
• Rivian, -7.79%
• Tesla, -7.0%
• Moderna, -6.37%
• Beyond Meat, -6.21%
• Snowflake, -5.65%
• United Airlines -5.33%
• Roblox, -5.19%
• Zoom, -5.14%

Within the Dow 30:

• Cisco -3.3%
• Microsoft -2.59%
• Apple -2.59%
• salesforce -2.42%
• Visa -2.4% Home Depot -2.39%
• Caterpillar -2.38%
• J.P. Morgan -2.04%
• Honeywell -1.97%

The pain to the downside continues especially for the NASDAQ stocks