Dow closes nearly 350 points lower as investors await September jobs report
U.S. stocks finished lower on Thursday for the second day in a row as Minneapolis Federal Reserve Bank President Neel Kashkari played down the odds of the Fed pausing its interest-rate hikes, while investors awaited an update on the state of the U.S. labor market due out Friday. The S&P 500 finished down 38.76 points, or 1%, at 3,744.52. The Dow Jones Industrial Average retreated 346.93 points, or 1.2%, to 29,926.94, while the Nasdaq Composite fell 75.33 points, or 0.7%, to 11,073.31.
(END) Dow Jones Newswires
October 06, 2022 16:07 ET (20:07 GMT)
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