U.S. stocks extended their weekly decline on Wednesday, joining in a global sell-off and putting the S&P 500 on pace to stretch its losing streak to three straight sessions.
Analysts attributed the worldwide selling of equities to worries about China’s slowdown and continued Russia-Ukraine tensions.
The S&P 500 was last down 11 points, or 0.6%, to 1,857, leaving the benchmark index 1.1% off its record close on Friday.
The Dow Jones Industrial Average lost 77 points, or 0.5%, 16,274, also dropping for the third day in a row.
The Nasdaq Composite fell 27 points, or 0.6%, to 4,280, losing ground for the fifth straight day.
Analysts attributed the worldwide selling of equities to worries about China’s slowdown and continued Russia-Ukraine tensions.
The S&P 500 was last down 11 points, or 0.6%, to 1,857, leaving the benchmark index 1.1% off its record close on Friday.
The Dow Jones Industrial Average lost 77 points, or 0.5%, 16,274, also dropping for the third day in a row.
The Nasdaq Composite fell 27 points, or 0.6%, to 4,280, losing ground for the fifth straight day.