Stocks post another loss as markets worry about higher rates
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August 31, 2022
Stocks fell again on Wall Street, posting their third loss in a row as traders worry that high interest rates are here to stay for a while. The S&P 500 fell 1.1% Tuesday, bringing its loss in the past three days to 5.1%. The Dow Jones Industrial Average and the Nasdaq also fell. Energy companies fell along with sliding crude oil prices. Technology stocks and industrial companies were also weak. Best Buy was a bright spot, gaining ground after reporting results for its latest quarter that were much better than analysts were expecting. The yield on the 10-year Treasury held steady.
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