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6th straight loss for Dow

(CNN) - The Dow Jones industrial average fell more than 100 points Wednesday. It was the Dow's sixth straight day of declines, its worst losing streak in more than a year.

The S&P 500 and Nasdaq also limped into the close and finished the day lower. Both of those indexes had been in positive territory in late afternoon trading.

Investors had hoped the minutes from the Fed's latest meeting would answer questions about when the central bank would start to pull back on its bond purchases. They didn't.

The Fed essentially said that it is still looking for continued improvement in the job market, and hinted it may not yet ready to taper its bond-buying program.

Bond investors did not seem so happy though. The 10-year Treasury yield increased to 2.9% as bond selling picked up following the minutes.

Investors will now be closely watching the August unemployment numbers, due out on September 6, for any indication of improvement in the labor market. Stronger jobs numbers could prove to be a catalyst for the tapering of the stimulus markets have come to depend on.

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Washington Times