Stock Market Today: Nasdaq's 5-Day Win Streak Snapped

A broad-market downturn Tuesday ended the Nasdaq's five-day win streak and sent economically sensitive industries to deep losses.

(Image credit: Getty Images)

Wall Street’s underlying worries about the resilience of the economic recovery were given room to roam Tuesday thanks to a dearth of significant new positive data.

COVID-related hospitalizations are rising across much of the Sun Belt, and yesterday once again saw a new record rolling seven-day average of daily new cases. That caused economically sensitive stocks such as American Airlines (AAL, -7.0%) and Carnival (CCL, -6.6%) to lead the market lower today.

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Kyle Woodley

Kyle Woodley is the Editor-in-Chief of WealthUp, a site dedicated to improving the personal finances and financial literacy of people of all ages. He also writes the weekly The Weekend Tea newsletter, which covers both news and analysis about spending, saving, investing, the economy and more.

Kyle was previously the Senior Investing Editor for, and the Managing Editor for before that. His work has appeared in several outlets, including Yahoo! Finance, MSN Money, Barchart, The Globe & Mail and the Nasdaq. He also has appeared as a guest on Fox Business Network and Money Radio, among other shows and podcasts, and he has been quoted in several outlets, including MarketWatch, Vice and Univision. He is a proud graduate of The Ohio State University, where he earned a BA in journalism. 

You can check out his thoughts on the markets (and more) at @KyleWoodley.