U.S. stocks close lower as S&P 500 falls 0.25%

  • U.S. stocks declined after Federal Reserve Chairman Kevin Warsh discussed ongoing inflation risks.
  • The S&P 500 fell 19.23 points, or 0.25%, to 7711.76.
  • The Nasdaq lost 138.93 points, or 0.52%, while the Dow slipped 9.45 points.

U.S. stocks ended lower, with the Dow Jones Industrial Average slipping 9.45 points, or 0.02%, to 53559.99, the S&P 500 falling 19.23 points, or 0.25%, to 7711.76, and the Nasdaq Composite losing 138.93 points, or 0.52%, to 26402.42. Technology and growth shares led the decline as investors reacted to Federal Reserve Chairman Kevin Warsh’s indication that the central bank’s fight against inflation was not yet complete. The comments reinforced uncertainty over the outlook for interest rates and weighed most heavily on rate-sensitive stocks. Investors continue to assess inflation and employment data, corporate earnings, Treasury yields and further Federal Reserve communications for clues about monetary policy.

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