0:00 0:00 1x
This is read by an automated voice. Please report any issues or inconsistencies here .
Wall Street stumbled to a third straight loss on Thursday as U.S. stocks gave back more of their big gains for the year so far.
The S&P 500 fell 0.5% and marked its longest losing streak in more than a month. The Dow Jones Industrial Average dropped 173 points, or 0.4%, and the Nasdaq composite sank 0.5%. All three indexes are still near their records set at the start of the week, though.
Stocks felt pressure from reports showing the U.S. economy may be stronger than economists thought. While that’s encouraging news for workers and for people looking for jobs, it could make the Federal Reserve less likely to cut interest rates several times in the coming months.
The Fed just deliv