Can Wall Street Avoid Fourth Day Of Losses?

US stocks are generally struggling to put an end to the three-day losses. Traders and investors are still busy digest monetary policy signals and comments by the Fed speaks.

Any economic downturn would give the Fed reason to ease up its rate hiking stance. Stocks have been subject to heavy selloff since Friday. Cleveland Fed President Loretta Mester said Wednesday that she sees interest rates rising above 4% by early 2023.

Market volatility is expected as a major headline during the upcoming months. The Dow Jones Industrial Average retreated by 76 points. The S&P 500 lost 0.1% and the Nasdaq Composite fell just under the flat line.

Market moves have put the Dow and S&P about 7% and 10%, respectively, above their mid-June lows. The Nasdaq is now more than 12% above its low.

August began as a strong month for the three major averages, but eventually tends to have a significantly weaker closing. The Dow and S&P 500 are currently on pace to finish August about 3% lower. The Nasdaq is set to end down about 4%.