The US stocks closed lower on Thursday after reports that the Bank of Japan would allow long-term interest rates to rise, which pushed US yields higher and reduced the appeal of stocks. The S&P 500 lost 0.63%, ending at 4,537.82 points, whereas the Nasdaq Composite was down 0.54%, ending at 14,050.86. The Dow Jones Industrial Average fell 0.66%, ending at 35,286.39 after a winning streak.
US stocks: Wall Street closes down, Dow snaps longest winning streak since 1987
The US stocks closed lower on Thursday after reports that the Bank of Japan would allow long-term interest rates to rise, which pushed US yields higher and reduced the appeal of stocks. The S&P 500 lost 0.63%, ending at 4,537.82 points, whereas the Nasdaq Composite was down 0.54%, ending at 14,050.86. The Dow Jones Industrial Average fell 0.66%, ending at 35,286.39 after a winning streak.