S&P 500 ends lower for fifth day, longest losing streak since October

0
19

U.S. stocks closed mostly lower Wednesday, with the S&P 500 falling a fifth straight day as investors continued fearing a recession could be triggered by the Federal Reserve’s aggressive interest rate hikes as it fights high inflation. The Dow Jones Industrial Average DJIA, +0.00% closed about flat, while the S&P 500 SPX, -0.19% fell 0.2% and the Nasdaq Composite COMP, -0.51% dropped 0.5%, preliminary data from FactSet show. The S&P 500 finished with its longest losing streak since October 12, according to Dow Jones Market Data. Of the S&P 500’s 11 sectors, only healthcare, consumer staples and real estate finished with gains.

This article was originally published by Marketwatch.com. Read the original article here.

Previous articleShares of Tommy Bahama, Lilly Pulitzer maker jump on stronger forecast
Next articleEarnings Results: Rent the Runway stock jumps on sales forecast, as CEO says restructuring is ‘substantially complete’

LEAVE A REPLY

Please enter your comment!
Please enter your name here