The Dow (INDU) closed 0.9%, or 245 factors, decrease, on a second-straight day of losses. The S&P 500 (SPX) and the Nasdaq Composite (COMP) each completed down 1.1%. It was the third day of losses in a row for each indexes.Worse nonetheless, it was the third spherical of weekly losses for the S&P 500 and the Nasdaq Composite, making for his or her longest shedding streak since October and August 2019, respectively.The Dow was largely flat on the week, however its modest eight level drop nonetheless meant it was its third down week in a row, its longest shedding streak since October final 12 months.This tough patch started with a pointy selloff pushed primarily by tech stocks, which had soared over the summer time.Traders have been pulled into totally different instructions this week. On one hand, the Federal Reserve dedicated to maintain rates of interest decrease for longer, which is nice for firms desirous to borrow cash — and subsequently good for the stock market.But decrease charges additionally imply the central bank does not anticipate a swift rebound again to regular, and that places a damper on residual hopes for a V-shaped restoration. In the meantime, Congress nonetheless hasn’t handed one other fiscal stimulus package deal and Covid-19 infections are rising once more all over the world.On a extra technical observe, Friday additionally marked what’s referred to as “quadruple witching,” which is the simultaneous expiration of stock and index futures and choices. It could possibly spur volatility out there.