US market falls end winning streak

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(Close): US markets closed lower on Wednesday, ending a positive streak for the major indexes after recent volatility.

On Wall Street the Dow Jones closed down 153 points, or 0.9%, to 16,461, while the tech-heavy Nasdaq ended the day down 37 points, or 0.8%, at 4,383.

Meanwhile the S&P 500 ended a four-day winning streak with a loss of 14 points, sending it 0.7% lower to 1,927.

Boeing shares fell nearly 4.5% despite the aerospace giant raising its profit forecast for this year.

That made it the biggest faller on the Dow Jones index.

The company expects to make between $8.10 and $8.30 per share, from its previous guidance of between $7.90 and $8.10 per share.

Shares in Yahoo rose 4.5% after the technology giant reported third-quarter profits of $6.8bn (£4.2bn), buoyed by earnings from the firm's stake in Alibaba.

Yahoo was required to sell part of its stake ahead of the Chinese firm's stock market flotation, netting it $6.3bn.