News Formal

Stocks close lower for a fourth day on renewed bank worries, Dow goes negative for 2023: Live updates

  • 📰 CNBC
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Stocks declined Thursday, as contagion fears in the regional bank space were reignited. The Dow fell 0.86%. The S&P 500 shed 0.72%. The Nasdaq was down 0.49%.

Investors also digested the Federal Reserve's 25 basis point rate hike and commentary following its Wednesday meeting.

"So, I do not think that the Fed will have to raise rates any further the rest of this year, although tomorrow's data on the jobs reading will be important to watch," he added. "We expect the S&P 500 to retrace back to previous swing lows around 3,800 as we continue through a pivotal earnings season," he told CNBC.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Milken 2023 highlights: CIO shares recession checklist, 4 stocks to buyA $1.1 trillion investment chief shares her 3-part checklist for confirming a recession has started — and details 4 stocks she expects to outperform no matter what
Source: BusinessInsider - 🏆 729. / 51 Read more »

Dow Industrials are now in the red for 2023, but these stocks may lead it back into the black, analysts saySome of the names dragging the Dow lower on Thursday, pushing the average into the red for the year to date, are also be the ones that may lead it back.
Source: CNBC - 🏆 12. / 72 Read more »