8 hours ago

Nasdaq Drops for Fourth Straight Session

The Nasdaq Composite could end the year on its longest losing streak since April.

The tech-heavy index was down 0.2% on Wednesday. It's on track for a fourth daily decline in a row, which hasn't happened since April 21, according to Dow Jones Market Data. The Nasdaq 100 is also on pace for a four-day skid, which would be its longest stretch of declines since March 31.

The Nasdaq Composite has been trading sideways after hitting a record on Oct. 29. Highflying artificial intelligence stocks have faced heightened scrutiny about spending and soaring valuations.