The ongoing turmoil in Turkey continued to weigh on investor sentiment and left both the Dow and S&P500 nursing their fourth consecutive fall - Dow down-125-points or -0.50% The broader S&P500 declined -0.40% to log its first four day losing streak since March, with the Energy (down -1.22%), Materials (-1.04%) and Financials (-1.02%) sectors the key laggards. The more defensive Utilities (up +0.09%) and Health Care (+0.01%) sectors were the only primary sectors to settle in positive territory. The NASDAQ lost -0.25% although advances by Amazon.com Inc (up +0.52%) and Apple Inc (+0.65%) helped avert a steeper fall for the technology-centric index. The Turkish central bank pledged in a statement Monday to provide “all the liquidity the banks need.” It also said banks would be able to borrow foreign-exchange deposits from the central bank at one-month and one-week maturities.
