Why is the stock market down?

It was the third loss in a row for the benchmark index, the first time that’s happened in six weeks.

NEW YORK — U.S. stocks fell Wednesday as more steam came out of Wall Street’s huge, record-breaking rally.

The S&P 500 sank 0.9% for its first three-day losing streak since early September. It was coming off two small losses since setting an all-time high on Friday, and the pullback follows a superb run where the index had rallied to six straight winning weeks, its longest such streak of the year.

The Dow Jones Industrial Average dropped 409 points, or 1%, while the Nasdaq composite tumbled 1.6%

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