Stocks waver on Wall Street following a 4-day losing streak
Stocks wavered between small gains and losses in early trading on Wall Street, leaving prospects uncertain for the market to break a four-day losing streak
NEW YORK (AP) — Stocks wavered between small gains and losses in early trading on Wall Street, leaving prospects uncertain for the market to break a four-day losing streak. The S&P 500 was down 0.2% in the early going Wednesday and the tech-heavy Nasdaq fell 0.6%. The Dow Jones Industrial Average of 30 major blue chips slipped 0.1%. Treasury yields were lower and crude oil prices were higher. European markets were slightly lower and Asian markets closed lower overnight. Campbell’s Soup rose 3% after reporting earnings and revenue that easily beat analysts’ forecasts. More data on inflation is due at the end of the week.
THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.
Wall Street futures edged lower Wednesday ahead of new employment and wholesale price data with the Federal Reserve gauging its next step in its fight to cool inflation.
Futures for the Dow Jones Industrials slipped 0.4% and the S&P 500 fell 0.7% just over an hour before the opening bell.
