Stocks drop on Tuesday for the third session in a row as investors concerns about raising interest rates continues to grow after Federal Reserve Chairman Jerome Powell’s remarks on Friday. All three benchmark indexes are on the path to falling at least 3% in August. The S&P 500 dropped 1.10% to 3986.16 on today and has lost 5.1% since Friday’s sell-off. The Dow Jones Industrial Average fell 0.96% to 31790.87 and the Nasdaq Composite lost 1.12% to close at 11883.14 on Tuesday

U.S. stocks finished higher on Friday with both the Nasdaq Composite and the S&P 500 closing with gains for their fourth week in a row. Investors were encouraged this week after reports on Wednesday noted that inflation rates dropped from 9.1% June to 8.5% in July. The S&P 500 went up 1.73% to close at 4280.15 on Friday and was up over 3.0% for the week. The Dow Jones Industrial Average climbed 1.27% to close at 33761.05 and was up 2.9% for the week. The Nasdaq Composite tick

The U.S. stocks had modest moves on Wednesday after quarterly reports from the first quarter showed a rough start to the year. The combination of inflation, the war in Ukraine, as well as the uncertainty of the global economy have weighed heavily in the first half of 2022. The S&P 500 is on track to having its worst first half in fifty years with the benchmark being down about 20%. The S&P 500 went down by 0.1% to close at 3818.83. The Dow Jones Industrial Average gained 0.3%

The major U.S. stock indexes closed higher on Thursday. The S&P 500 climbed 1.43% to close at 4520.16. All 11 sectors of the S&P 500 went up on Thursday as well with the Information Technology sector gaining +2.71%. The Dow Jones Industrial Average rose by 1.02% to 34707.94 and the tech-heavy Nasdaq Composite went up by 1.93% to close at 14191.84. Economic Reports Initial jobless claims for the dropped for the week ending March 19 from 215,000 to 187,000. Continuing jobless c