Major US stock indices closed lower with the NASDAQ and S&P index now down for the 3rd consecutive day. All the major currencies are on pace for declines on the week.
Looking at the final numbers :
- Dow industrial average tumbled an additional -251.65 points or -0.75% at 33413.44
- S&P index fell -36.60 points or -0.85% at 4277.99
- NASDAQ index fell -128.14 points or -0.96% at 13186.17
For the trading week the NASDAQ is leading the way lower. For the trading week:
- Dow industrial average is down -0.76%
- S&P index is down -1.15%
- NASDAQ index is down -1.65%
Geopolitical concerns, higher oil prices, higher bond yields, and a Fed chair that is still fighting for 2% inflation. Powell said that continued economic strength could warrant further tightening.