Stocks drifted lower on Wall Street, extending the market’s losses into a 4th straight week
Stocks drifted lower on Wall Street, extending the market’s losses into a 4th straight week.
The S&P 500 fell 0.4% Tuesday. Technology companies posted some of the biggest losses, pulling the Nasdaq composite down even more. The Dow Jones Industrial Average also fell.
Markets are coming off of a three-week losing streak as investors worry about inflation and the Federal Reserve’s determination to fight it with high interest rates.
The S&P 500 fell 16.07 points, or 0.4%, to 3,908.19.
The Dow Jones Industrial Average fell 173.14 points, or 0.6%, to 31,145.30.
The Nasdaq fell 85.96 points, or 0.7%, to 11,544.91.
The Russell 2000 index of smaller companies fell 17.42 points, or 1%, to 1,792.32.
For the year:
The S&P 500 is down 857.99 points, or 18%.
The Dow is down 5,193 points, or 14.3%.
The Nasdaq is down 4,100.06 points, or 26.2%.
The Russell 2000 is down 452.99 points, or 20.2%.