Stocks Close Lower, Nasdaq on 3-Day Losing Streak

August 11, 2020
Stocks closed near session lows on Tuesday, with the Nasdaq falling for the third straight day. Markets turned negative after Senate Majority Leader Mitch McConnell says that talks over the new stimulus bill remain in a stalemate. Bob Iaccino, Chief Market Strategist for Path Trading Partners, says he does not like seeing big tech drag down other stocks. Iaccino also explains the ways any pandemic news, good or bad, impacts trading.
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