The S&P 500 extended its losing streak to four sessions as Wall Street closed broadly down. Traders remain cautious despite the latest guidance on rate policy from the U.S. central bank showing few surprises
managed to scrape back into positive territory though in the final moments, ensuring its own losing streak was snapped at three.
The Dow fell 84.5 points, or 0.26%, to 33,045.09, the S&P lost 6.29 points, or 0.16%, to 3,991.05 and the Nasdaq added 14.77 points, or 0.13%, to 11,507.07. Despite the declines experienced by the S&P and the Dow, the falls were not as sharp as Tuesday's, which was the worst daily performance posted by markets in 2023.
However, stocks have had a volatile run in February, as traders priced in higher interest rates for longer, assuming that inflation remains higher in a sturdy economy.
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