US investors take profits for second day

Investors adopted a cautious strategy today, cashing in more profits from the market’s recent rallies and giving the market’s major indexes their biggest losses in a month.

The Dow Jones industrials sank by more than 100 points, falling for two straight days for the first time in a month. The heavy losses came despite two encouraging reports, one showing a drop in jobless claims and the other forecasting stronger-than-expected prospects for the economy.