Wall Street falls and takes a step back after its big rally
After enjoying a five-week rally that propelled Wall Street to its highest level since last year, stocks experienced a pullback in Tuesday’s trading.
The S&P 500 declined by 20.88 points, equivalent to 0.5%, closing at 4,388.71. Similarly, the Dow Jones Industrial Average dropped by 245.25 points, or 0.7%, reaching 34,053.87.
The Nasdaq composite also experienced a loss of 22.28 points, or 0.2%, settling at 13,667.29.
The retreat in the U.S. stock market follows a series of positive strides, fueled by optimism that the economy will avoid a recession and that inflation will ease sufficiently for the Federal Reserve to halt its interest rate hikes in the near future, the Associated Press reports.
READ MORE: https://apnews.com/article/stock-market-economy-inflation-china-22803fd227eb24fe0de9ca7fce74b376
Links for B.C.
Visit My Website
https://bcbegley.com
Follow Me On Facebook
https://www.facebook.com/B.C.Begley
Subscribe To My Patreon
https://www.patreon.com/bcbegley
Watch Me On YouTube
https://www.youtube.com/channel/UCGoUf-QQTlTN-BIh3ERCE9A
Follow Me On Twitter
https://twitter.com/BC_News1
Watch Me On Rumble
https://rumble.com/c/c-280191
Follow Me On Gab
https://gab.com/BC_Begley