The record breaking streak of closing highs came to a halt for the benchmark US indices overnight albeit all of the Dow, S&P500 and Nasdaq posted fresh intra-day record highs - Dow down -55-points or -0.23% and snapping a six-session winning streak, with General Electric falling -6.3% - its biggest one-day decline since August 2011 - as the fallout from last Friday's underwhelming third quarter result continued (with some analysts speculating future dividend cuts). The broader S&P500 shed -0.40%, with industrials and telecommunications the key laggard sectors. The S&P500 also completed its longest streak without a 3% intra-day fall at 242-days, overtaking the previous record of 241 days set in 1996. The technology-centric NASDAQ fell -0.64%, with heavyweights Amazon (down -1.69%), Facebook (-2.12%) and Alphabet (-1.94%) all closing in the red. The three major indexes posted record closing highs every day last week, marking the 18th time in history that has happened.
