By Staff Reporters
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U.S. stocks saw their lowest close since July following a spectacular intraday reversal triggered by fears of a prolonged disruption to European natural gas supplies, which rattled global markets.
The NASDAQ extended its losing streak to a sixth day cementing its longest string of daily losses since August 2019. The tech-heavy index has fallen roughly 8% in that time.
Meanwhile, the S&P 500 recorded its biggest ‘blown lead’ since April, after rallying during morning trading following a ‘goldilocks’ August jobs report. The S&P 500 closed 42.59 points, or 1.1%, lower at 3,924.26.
The NASDAQ Composite fell 154.26 points, or 1.3%, to 11,630.86.
The Dow Jones Industrial Average retreated 337.98 points, or 1.1%, to 31,318.44.
All three indexes recorded a loss for the third week in a row.
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Filed under: Alerts Sign-Up, Investing | Tagged: DJIA, NASDAQ, S&P 500, stocks |
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