Stocks fall broadly, S&P 500 set to break winning streak

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Stocks are opening lower on Wall Street, putting the S&P 500 index on track to break a four-week winning streak.

People wearing protective masks wait for traffic light changing in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm Friday, Aug. 19, 2022, in Tokyo. Stocks fell in morning trading on Wall Street Friday, putting major indexes on track for losses that will end a solid run of weekly gains.

The Dow Jones Industrial Average fell 270 points, or 0.8 per cent, to 33,729 and is slightly in the red for the week. Trading has been choppy throughout the week as investors reviewed the latest batch of earnings from retailers and updates on spending, home sales and the employment market. A report on retail sales this week showed that spending remains resilient as gasoline prices fall and help ease some pressure from inflation.

 

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