Stocks dip again after bright start

Stocks fell in New York yesterday, giving back sizeable gains and halting a nine-session winning streak by the small-company …

Stocks fell in New York yesterday, giving back sizeable gains and halting a nine-session winning streak by the small-company sector.

For the third straight session, The Dow Jones industrial average failed to sustain an early advance and dropped 66.17 points - or by 0.8 per cent - to 8,366.04 after shedding a 100-point gain.

Broader indicators held out longer than the Dow, but turned negative near the close. The Russell 2000 fell for the first time in 10 sessions. The Standard and Poor's 500 fell 6.97 to 1,065.35, and the technology-heavy Nasdaq composite index fell 7.35 to 1,717.63.

NYSE volume totalled 757.16 million shares, up sharply from 600.25 million at the same point on Monday.