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Aug. 11, 2022, 2:55 p.m. EDT

Nasdaq, S&P 500 turn negative, rally in stocks on Thursday loses steam

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By Joy Wiltermuth

U.S. stocks struggled to hold higher ground late in the session Thursday, with the technology-laden Nasdaq Composite and S&P 500 index both turning negative. The blue-chip Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -1.62% was up about 19 points, or 0.1%, near 33,333, at last check, but the S&P 500 index /zigman2/quotes/210599714/realtime SPX -1.72% was down 0.1% and the Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP -1.80% shed 0.7%, giving up earlier gains. Investors have been question whether the latest rally in stocks, following a strong July, has staying power, particularly with inflation still running high, despite its retreat to a 8.5% annual rate in July from 9.1% a month before, which was a 41-year high.

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
29,590.41
-486.27 -1.62%
Volume: 320.97M
Sept. 23, 2022 5:04p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,693.23
-64.76 -1.72%
Volume: 2.22B
Sept. 23, 2022 5:04p
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/zigman2/quotes/210598365/realtime
US : Nasdaq
10,867.93
-198.88 -1.80%
Volume: 5.19B
Sept. 23, 2022 5:16p
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