[Breaking] New York Stock Market Closes Lower... '13-Day Rally' Dow Jones Index Also Falls

The three major indices of the U.S. New York Stock Exchange closed lower on the 27th (local time) as they digested the results of the Federal Open Market Committee (FOMC) regular meeting, second-quarter economic growth rate, and major corporate earnings.

On that day, the Dow Jones Industrial Average fell 0.67% compared to the previous session. The Dow, composed of blue-chip stocks, had recorded a rally for 13 consecutive trading days until the day before, but turned into a downtrend as profit-taking selling surged. The large-cap-focused S&P 500 index closed down 0.64%, and the tech-heavy Nasdaq index ended down 0.55%.

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