The S&P 500 and Nasdaq snapped their eight-day streak of record closing highs as investors got worried over inflation and cashed in their gains
All three major U.S. stock indexes lost ground, marking the conclusion of an eight-session streak of all-time closing highs set by the S&P 500 and the Nasdaq.
"We've had an incredible run, so letting some air out of the balloon is perfectly normal," said Ryan Detrick, chief market strategist at LPL Financial in Charlotte, North Carolina.
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