3Rd Straight Loss For Dow

(MENAFN- Baystreet) Dow Inches Down for 3rd Straight Day

  • Dow Falls for 3rd Straight Day
  • Futures Tumble Awaiting Inflation Data
  • S&P, NASDAQ Rise
  • Equities Little Changed by Noon Subscribe to Get Small Cap News & Alerts Glenn Wilkins - Wednesday, February 28, 2024

    3rd Straight Loss for Dow Advertisment
    Stocks slid Wednesday as investors looked ahead to a key inflation report due later this week.
    The Dow Jones Industrials finished the day down 23.39 points Wednesday at 38,949.02, marking the index's third consecutive day of losses.
    The S&P 500 dropped 8.42 points to 5,069.76.
    The NASDAQ index slid 87.56 points to 15,947.74.
    UnitedHealth lost nearly 3% to lead the Dow lower. Intel docked 1.7% and Alphabet declined 1.8%, Elsewhere, Urban Outfitters fell 12.8% after reporting weaker-than-expected results for the fourth quarter.
    Investors are looking toward the personal consumption expenditure reading for January on Thursday, which is the Federal Reserve's preferred measure of inflation.
    The report will come as the market tries to build on the gains that took the Dow and S&P 500 to record highs. This week, the market has struggled, however, pulling back slightly.
    Prices for the 10-year Treasury inched forward, lowering yields to 4.26% from Tuesday's 4.31%. Treasury prices and yields move in opposite directions.
    Oil prices faded 48 cents to $78.39 U.S. a barrel.
    Gold prices dropped $1.10 to $2,043.00.

    • About Us
    • Contact Us
    • Advertise
    • License Our Content
    • Jobs
    • Disclaimer
    • Privacy Policy

    Copyright 1998 - 2024 Baystreet Media Corp. All rights reserved. Nasdaq Stocks: Information delayed 15 minutes. Non-Nasdaq Stocks: Information delayed 20 minutes. Bid and Ask quotation information for NYSE and AMEX securities is only available on a real time basis. Market Data is provided by QuoteMedia. Earnings by Zacks. Analyst Ratings by Zacks


  • Legal Disclaimer:
    MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.