Credit: Shutterstock photoWeighed down by losses in the energy, telecom and financial sectors, stocks are underwater for the fourth time in the past five days, registering another triple-digit loss in the Dow Jones Industrial Average. All ten sectors of the S&P 500 are in the red, while all Dow component stocks are negative with the exception of Apple ( AAPL ).
Despite an impressive rebound on Monday that was ignited by dovish comments from Fed Governor Lael Brainard, Wall Street seems committed to a downward trajectory as investors brace for next week's pivotal Federal Open Market Committee meeting, preceded by key economic data on inflation, retail sales and manufacturing later this week.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
