S&P falls for the first time after nine sessions of growth: investors are worried about inflation risks
If the S&P 500 rose for a tenth consecutive trading day, it would post its best streak since 1995
Photo: X / NYSE
All four major stock indices of the U.S. market declined on Wednesday, June 3, interrupting a long rally, during which they repeatedly updated records. The broad market index S&P 500 declined for the first time after nine days of growth, while oil prices and US government bond yields rose. Investors fear the conflict between the U.S. and Iran could exacerbate inflation risks while prospects for a peace deal remain remote, CNBC wrote. The countries traded blows on Wednesday.
Details
- The S&P 500 broad market index fell 0.74% on June 3. If it rose for a tenth straight day, it would be its best streak since September 1995, MarketWatch wrote, citing Dow Jones Market Data.
- The blue-chip index Dow Jones Industrial Average lost 1.21% on Wednesday.
- The Nasdaq Composite Technology Sector Index was down 0.89%.
- The Russell 2000 index of small and mid-capitalization companies fell 1.3%.
- Brent crude futures rose 2% to over $98 a barrel, while WTI crude rose 2.7% to $96.3 a barrel.
- The dollar strengthened 0.31% to 99.53 points against a basket of other world currencies.
- Gold fell a little more than 1 percent to $4,473.
- Bitcoin fell 2.8 percent overnight to $65,218, its lowest since February.
The news is being updated
This article was AI-translated and verified by a human editor
