Stocks drift lower, extending losses into 4th straight week

Friday, September 2, 2022, Vol. 46, No. 35
The Associated Press

Stocks drifted lower on Wall Street, extending the market's losses into a 4th straight week.

The S&P 500 fell 0.4% Tuesday. Technology companies posted some of the biggest losses, pulling the Nasdaq composite down even more. The Dow Jones Industrial Average also fell.

Markets are coming off of a three-week losing streak as investors worry about inflation and the Federal Reserve's determination to fight it with high interest rates.

Bed Bath & Beyond fell following the death of its chief financial officer.

ADT jumped after State Farm said it was taking a stake in the home security company.