tocks fell for a sixth day

(Bloomberg) -- U.S. stocks fell for a sixth day, extending the longest losing streak of Donald Trump’s presidency, as energy companies and utilities plunged and tech couldn’t maintain earlier gains. The dollar fell with oil, Treasuries rose and gold posted its biggest gain in more than two years. The S&P 500 Index dropped more than 1 percent on the day and is down nearly 6 percent in the past six sessions. The tech-heavy Nasdaq indexes surrendered earlier rallies and added to their declines on Wednesday. Trading was heavy with volume surging roughly 55 percent above average for this time over the past 30 days. “This is just a normal run-of-the-mill correction that happens to be concentrated in some of the more expensive and most notable names in technology,” said Jamie Cox, managing partner at Harris Financial Group. But I think it’s been precipitated by the uncertainty about global growth and whether or not Fed policy is going too far too fast. In addition to energy, insurers and household products manufacturers weighed on the market, while media companies and software makers were among the few bright spots. The Cboe Volatility Index declined but remained close to its highest level since April.