USA TODAY International Edition
STOCKS STRUGGLE WHILE INVESTORS LOOK FOR HOPE
Hitting rock bottom usually isn’t something people look forward to. But for investors hungry for relief, rock bottom couldn’t come soon enough. On Tuesday, the Dow Jones Industrial Average, Nasdaq Composite, and S& P 500 touched new 52- week lows. But the S& P 500 closed slightly higher while the Nasdaq gained nearly 1%. Still, the Nasdaq traded is at its lowest level since November 2020. The Dow, which closed down 0.3%, has had six straight weeks of losses and the S& P 500 and Nasdaq hit five straight weeks. The saving grace for investors could come from Wednesday’s consumer price index report if it shows inflation has peaked, analysts said.