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S&P 500 closes lower for fourth straight session as stocks cement worst first half since 1970

·5 min read
S&P 500 closes lower for fourth straight session as stocks cement worst first half since 1970
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The S&P 500 finished lower for a fourth straight session on Thursday as U.S. stocks cemented their worst first-half performance since 1970. On Wednesday, the Dow rose 82 points, or 0.3% to end at 31,029.31, while the S&P 500 and Nasdaq Composite (COMP) posted minor losses. U.S. stocks traded lower in response to yet another batch of data suggesting that consumer spending is weakening in the face of a slowing economy and the most aggressive inflation in four decades.