The S&P 500 Index ($SPX) (SPY) Thursday closed down -0.60%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.86%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.06%.
US stock indexes Thursday posted moderate losses, with the S&P 500 falling to a 2-week low, the Dow Jones Industrials sliding to a 4-week low, and the Nasdaq 100 dropping to a 1-1/2 week low. Stocks were under pressure Thursday because of concern that the Fed will keep interest rates higher for longer, causing a risk-off sentiment in asset markets. Stock indexes found some support after bond yields declined on Thursday’s dovish US economic reports.
