U.S. stocks finish lower, extending last week’s losses

0
14

U.S. stocks ended down Monday, with the technology-heavy Nasdaq Composite falling sharply, deepening last week’s losses as concerns over an economic slowdown persisted. The Dow Jones Industrial Average DJIA, -0.49% closed 0.5% lower, while the S&P 500 SPX, -0.90% dropped 0.9% and the Nasdaq Composite COMP, -1.49% sank 1.5%, according to preliminary data from FactSet. All three major benchmarks fell last week amid recession fears, booking back-to-back weekly declines for the first time since September. On Monday, the National Association of Home Builders said its monthly confidence index fell in December for a 12th straight month, dragged down by high mortgage rates and inflation.

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

Previous articleSupreme Court puts hold on ending Title 42 border restrictions
Next articleWhat’s Worth Streaming: Here’s everything new coming to Netflix in January 2023 — and what’s leaving

LEAVE A REPLY

Please enter your comment!
Please enter your name here