Sinking technology stocks sent Wall Street lower again on Wednesday, and the Standard & Poor's 500 index fell to its fourth straight loss. The index dipped 29.20 points, or 0.6%, to 5,022.21 for its longest losing streak since early January. It's down 4.4% since setting a record late last month. The Dow Jones industrial average slipped 45.66 points, or 0.1%, to 37,753.31, and the Nasdaq composite sank 181.88, or 1.1%, to 15,683.37.
High interest rates hurt prices for investments and increase the risk of a recession, but Fed officials are concerned after a string of reports this year has shown inflation remaining hotter than forecast. Traders are now mostly expecting just one or two cuts to interest rates from the Federal Reserve this year, according to data from CME Group. That’s down from forecasts for six or more at the start of the year.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Stock market today: S&P 500 sets a record after Wall Streets breaks out of its lullU.S. stocks broke out of a three-day lull to close at a record. The S&P 500 added 0.9% Wednesday, beating the all-time high it set last week. The Dow Jones Industrial Average climbed 1.2%, and the Nasdaq composite added 0.5%. The Dow and Nasdaq closed just short of their own records.
Consulte Mais informação »
Stock Market Today: S&P 500 closes lower as Nvidia leads tech stumbleStock Market Today: S&P 500 closes lower as Nvidia leads tech stumble
Consulte Mais informação »
Stock Market Today: S&P 500 closes lower as Powell signals higher for longer ratesStock Market Today: S&P 500 closes lower as Powell signals higher for longer rates
Consulte Mais informação »
Stock Market Today: S&P 500 closes higher on tech strength; big bank earnings eyedStock Market Today: S&P 500 closes higher on tech strength; big bank earnings eyed
Consulte Mais informação »