HomeNewsNewsU.S. stocks struggle to rebound with S&P 500 on pace to book 5-day losing streak

U.S. stocks struggle to rebound with S&P 500 on pace to book 5-day losing streak

By Isabel Wang and Jamie Chisholm

U.S. stock indexes fell in the final hour of trade Wednesday afternoon, after a four-day losing streak driven by worries about the chances of an harder economic downturn unfolding in coming months.

How are stocks trading

On Tuesday, the Dow Jones Industrial Average fell 351 points, or 1.03%, to 33596, the S&P 500 declined 58 points, or 1.44%, to 3,941, and the Nasdaq Composite dropped 225 points, or 2%, to 11,015.

What’s driving markets

The S&P 500 index has lost 3.4% in the past four days as investors continued to assess the potential economic damage inflicted by high inflation and the Federal Reserve’s campaign to damp it by raising interest rates.

“Sometimes it’s hard to pinpoint precise catalysts for all these moves that we see. It’s been a very volatile year, and you never know if it’s sentiment or positioning or if it’s actual news that the market is responding to,”…

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