A late burst of selling left stocks broadly lower on Wall Street, as the market closed out its worst quarter since the pandemic broke out two years ago.
. The move to pump more oil into the market is part of an effort to control energy prices, which are up nearly 40% globally this year.Buying a home for the first time is one of life’s sweet milestones.
The S&P 500 fell 72.04 points to 4,530.41. The Dow fell 550.46 points to 34,678.35, and the Nasdaq slid 221.76 points to 14,220.52.About 85% of stocks in the benchmark S&P 500 fell. Much of the movement seemed like a “consolidation” for investors, said Scott Wren, senior global market strategist at Wells Fargo Investment Institute.
Banks also fell along with bond yields. A decline in yields forces interest rates on loans lower, making lending less profitable for banks. The yield on the 10-year Treasury slipped to 2.34% from 2.36% late Wednesday. Bank of America fell 4.1%.
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