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Stocks Can’t Get Rally Going With Longest Drought Since ’94

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Can U.S. Stock Market Get a Rally Going?

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Stringing together gains in the American stock market has become next to impossible.

Knocked down 1.5 percent Wednesday, the Standard & Poor’s 500 Index has now gone 26 days without posting gains in back-to-back sessions, the longest stretch since 1994, data compiled by Bloomberg show. Losses in biotechnology and chip companies dragged U.S. stocks to a third day of declines, interrupting another run at a record for the Nasdaq Composite Index as investors sold the year’s best-performing equities.