Dow Snaps Four-Day Winning Streak
NEW YORK ( TheStreet) -- The major U.S. equity averages finished lower Monday as the euphoria about the Federal Reserve's bold QE3 stimulus plan began to wear off.
Worries about the euro zone also soured investor sentiment as European Union leaders made little progress during weekend meetings to discuss the details of addressing the region's sovereign debt problems. A weak read on manufacturing activity in New York state was also a headwind.
The Dow Jones Industrial Average fell more than 40 points, or 0.30%, to close at 13,553. The blue-chip index, which began the session up more than 11% so far in 2012, snapped a four-day winning streak.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV