S&P 500, Nasdaq break 3-day win streak as investors turn their attention to key inflation data
The S&P 500 and Nasdaq Composite finished lower on Thursday after all three of the major averages posted three straight days of gains. Traders took a pause from the rebound rally and turned their attention to inflation data due out on Friday.
The Dow Jones Industrial Average ended the trading session at 35,754.69, losing less than a point. The S&P 500 fell 0.72% to 4,667.45 and the Nasdaq Composite slid 1.7% to 15,517.37. All the major averages are still on track for a winning week.
Stocks gave back some of their gains from recent days, with the moves higher spurred by the belief that the omicron variant of Covid looks less severe than earlier forms.
Reference: CNBC
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