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

0
21

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.

Previous articleThe Margin: Here are the companies in the layoffs spotlight: Adobe and GameStop join Intel, Google, HP, Amazon, Cisco
Next articleReigning American League MVP Aaron Judge re-signs with New York Yankees

LEAVE A REPLY

Please enter your comment!
Please enter your name here