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February 7, 2023

Stocks slip as worries about high interest rates continue

By STAN CHOE and DAMIAN J. TROISE
AP Business Writers

NEW YORK — Wall Street shaved off more of its strong start to the year on Monday, adding to losses from the end of last week driven by worries about higher interest rates and inflation.

The S&P 500 fell 25.40, or 0.6%, to 4,111.08 for its second straight fall after a stunningly strong report on the U.S. jobs market dented the market's hopes for easing interest rates. The Dow Jones Industrial Average fell 34.99 points, or 0.1%, to 33,891.02, while the Nasdaq composite dropped 119.50, or 1%, to 11,887.45.


 
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