Dow Logs Longest Daily Losing Streak Since February 2020

U.S. markets suffered in today's session, marking six straight triple-digit losses for the Dow -- its longest streak since February 2020. The tech-heavy Nasdaq struggled once more too, moving into correction territory as Netflix (NFLX) reported a gravely disappointing subscriber growth for the previous quarter. For the week, all three indexes logged their third consecutive loss.

The Dow Jones Average (DJI - 34,265.37) plummeted 450 points or 1.3% for the day. McDonald's (MCD) led the gainers today, adding 0.6%, and Walt Disney (DIS) paced the laggards with a 6.9% fall. On the week, the blue-chip index fell 4.6%.

The S&P 500 Index (SPX - 4,397.94) moved 85 points lower, or 1.9%, while the Nasdaq Composite (IXIC - 13,768.92) dropped 385 points, or 2.7%, for today's session. For the week, the indexes fell 5.7% and 7.5%.

Lastly, the CBOE Volatility Index (VIX - 28.85) added 3.3 points or 12.7% for the day. The VIX added 50.3% for the week.

OIL, GOLD LOG WEEKLY WINS

Oil managed to log a fifth straight weekly rise, despite ending the day lower. Investors are looking toward next week's Federal Open Market Committee (FOMC) meeting, which should cover some of the recent international tensions that have arisen in the Middle East and Asia, of late. March-dated oil, which is now the front-month contract, lost 41 cents, or a little under 0.5%, to finish at $85.14 for the day, but added 2.2% for the week.

Gold locked in a second weekly win, though also marking a loss on the day. Longer-term, it looks as if investors may be seeking protection from inflation through the precious metal. February-dated gold shed $10.80 or 0.6%, to close at $1,831.80 per ounce.