A sign for Wall Street is seen just outside the New York Stock Exchange.(Photo: Timothy A. Clary, AFP/Getty Images)
NEW YORK, N.Y. -- The longest rally since July appears to be petering out.
The stock market closed slightly lower yesterday.
The Dow Jones industrial average edged down 26 points, or 0.2 percent, to close at 15,300. The Dow had gained 404 points over the previous three days and is still up 3.3 percent this month.
The last three days of gains have helped the Dow recover the bulk of its losses in August, the worst month for the blue-chip index since May 2012.
The S&P 500 index fell 6 points, or 0.3 percent, to 1,683. after rising the previous seven days. That was the longest winning streak since a string of eight gains between July 3 and July 15.
The Nasdaq composite fell 9 points, or 0.2 percent, to 3,715.
Traders continue to watch developments in Syria, where Syrian President Bashar Assad says his government has agreed to surrender its chemical weapons in response to a Russian proposal, not because of the threat of an attack from the U.S.