S&P 500 on pace to book fifth straight day of losses as stocks struggle to rebound in final hour of trade


U.S. stock indexes extended losses in the last hour of trade, struggling to recover ground after a four-day losing streak. The Dow Jones Industrial Average DJIA, +0.00% shed 50 points, or 0.2%, at 33,546, after rallying over 145 points in the morning session. The S&P 500 SPX, -0.19% was down 0.4%, on pace to book its fifth straight day of losses, according to Dow Jones Market Data. The Nasdaq Composite COMP, -0.51% fell 0.7%. Investors continued to assess the potential economic damage inflicted by high inflation and the likelihood of a more aggressive hiking cycle from the Federal Reserve than previously anticipated.

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

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