US stocks end mostly lower after two days of gains

Ani Salama FXStreet

US stocks closed mostly lower on Thursday following a two-day rally, dragged down by materials, energy and financial equities.

The Dow Jones Industrial Average dropped 23.22 points, or 0.13%, to 17,828.29. The S&P 500 ended down by less than a point, or 0.02%, at 2,090.10. Meanwhile, the Nasdaq Composite gained 6.88 points, or 0.14%, to 4,901.77.

Prospects of a possible rate hike by the Fed are keeping investors on the edge, with attention now turning to a speech by Fed Chair Yellen on Friday.

Author

Ani Salama

FXStreet

Ani Salama is an Economist specialized in financial markets and statistics analysis. In 2010, she joined FXstreet where she now contributes with the news section.

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