The S&P 500 and Nasdaq closed down on Wednesday after a choppy session on Wall Street, as investors struggled to grasp a clear direction as they weighed how the Federal Reserve’s monetary policy tightening might feed through into corporate America.
S&P, Nasdaq extend losing streaks amid rising recession worries
By David French
Dec 7 (Reuters) – VYMMKGVX
For the benchmark S&P 500, it was the fifth straight
session that it has declined, while the Nasdaq finished
down for the fourth time in a row. The Dow snapped a two-session
losing streak, as it ended unchanged from the previous day.
The Nasdaq was dragged down by a 1.4% drop in Apple Inc
on Morgan Stanley’s iPhone shipment target cut and a
3.2% fall in Tesla Inc over production loss worries.