U.S. stocks post back-to-back losses as rate worries halt recent rally


U.S. stocks just logged their first back-to-back losses in two weeks on Thursday as senior Federal Reserve officials emphasized the need for more aggressive interest-rate hikes. The S&P 500 SPX, -0.31% closed 12.23 points, or 0.3%, at 3,946.56. The Dow Jones Industrial Average DJIA, -0.02% finished marginally lower, down 7.51 points, or less than 0.1%, at 33,546.32. The Nasdaq Composite COMP, -0.35% closed off 38.70, or 0.4%, at 11,144.96. St. Louis Fed President James Bullard hinted earlier that the Fed may need to hike its benchmark policy rate as high as 7% to successfully combat inflation.

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

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