Nasdaq Composite Index closes 0.7% lower

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Nasdaq losses accelerate in morning trade, threaten to end 4-session win streak as tech stocks stumble

The Nasdaq Composite Index saw its losses accelerate in Thursday morning trade, with the decline for the technology-heavy gauge threatening to end a four-session string of advances. The Nasdaq , most recently, was down 0.3% at 7,664. However, the broader markets, including the Dow Jones Industrial Average and the S&P 500 index were still clinging to slight opening gains. The Dow was up 0.4% at 25,255, while the S&P 500 was trading little changed at 2,773, dragged lower by declines in tech, as represented by the exchange-traded Technology Select Sector SPDR ETF . Technology and internet stocks have thus far helped Wall Street equities to mount a resurgence to multiweek highs in recent trade. That tech-and-internet focused rally helped the Nasdaq, which has become a proxy for that complex, to record three straight all-time closing highs.

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