HomenewsDow posts 5th straight loss as stock-market bounce runs out of steam
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Dow posts 5th straight loss as stock-market bounce runs out of steam

By MD Abdullah
0
53


Stocks ended lower Thursday, giving up early gains as investors appeared unable to shake off worries over a rising interest-rate environment. The Dow Jones Industrial Average
DJIA,
-0.89%
fell around 313 points, or 0.9%, to close near 34,715, according to preliminary figures, extending its losing streak to five sessions, the longest since September. The S&P 500
COMP,
-1.30%
declined around 50 points, or 1.1%, to finish near 4,483, while the Nasdaq Composite
COMP,
-1.30%
dropped around 186 points, or 1.3%, to end near 14,154. The tech-heavy Nasdaq on Wednesday entered correction territory, having fallen more than 10% from a record high set in November. Analysts have tied stock-market weakness to begin the new year to expectations the Federal Reserve will be much more aggressive than previously expected in raising interest rates and otherwise tightening monetary policy in an effort to rein in persistently high inflation.



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MD Abdullah
Abdullah is a former educator, lifelong money nerd, and a Plutus Award-winning freelance writer who specializes in the scientific research behind irrational money behaviors. Her background in education allows her to make complex financial topics relatable and easily understood by the layperson. She is the author of four books, including End Financial Stress Now and The Five Years Before You Retire.
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