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S&P 500 FALLS 5TH DAY, LONGEST LOSING STREAK SINCE OCT 2023
The S&P 500 .SPX ended lower for a fifth straight day on Thursday in its longest streak of declines since October 2023, while the Nasdaq .IXIC also ended lower and Dow .DJI was up slightly.
Technology .SPLRCT led declines among S&P 500 sectors, followed by consumer discretionary .SPRLCD.
Investors took in the latest batch of quarterly reports and financial guidance from companies as the first-quarter earnings season picked up steam.
Shares of Las Vegas Sands LVS.N fell 8.7% despite beating quarterly expectations, as multiple brokerages cut their price target on the stock amid weakness in the company's Macau operations.
Shares of U.S. homebuilder D.R. Horton Inc DHI.N, however, closed slightly higher after the company raised its forecast for full-year revenue.
Investors viewed recent comments by Federal Reserve officials as suggesting the central bank was in rush to lower interest rates.
On Thursday, New York Fed President John Williams, citing economic strength，said he does see a convincing case for cutting the central bank's policy rate .
On Tuesday, Fed Chair Jerome Powell declined to provide guidance on when rates might be lowered.
Here is the closing market snapshot:
(Caroline Valetkevitch)
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FOR THURSDAY'S EARLIER LIVE MARKETS POSTS:
D.R. HORTON, HOMEBUILDERS GAIN AFTER UPBEAT FORECAST - CLOCK HERE
WHAT DIFFERENT TIMINGS FOR RATE CUTS CAN MEAN FOR BOND YIELDS - CLICK HERE
STICKY INFLATION MAY HAVE THE FED CAUGHT IN A WEB - CLICK HERE
THURSDAY DATA DUMP: JOBLESS CLAIMS, HOME SALES, ET AL - CLICK HERE
U.S. INDEXES INCH HIGHER; DIGESTING LATEST EARNINGS REPORTS - CLICK HERE
DON'T RULE OUT A FED HIKE - CLICK HERE
S&P 500 INDEX: BACK DOWN TOWARD 5,000, PUTS IT DOWN ABOUT 5% - CLICK HERE
OUR CURRENCY, BUT YOUR PROBLEM - CLICK HERE
EUROPE-U.S. DIVERGENCE? NOT SO FAST, SAYS RBC - CLICK HERE
THE ENERGY INFLATION DOUBLE WHAMMY TO WATCH OUT FOR - CLICK HERE
DRY SPELL FOR EUROPEAN BEVERAGES - CLICK HERE
MARKETS SHOULD WORRY MORE ABOUT THE MIDDLE EAST... - CLICK HERE
RECENT DECLINES WELCOME BREATHER FOR EQUITY MARKETS - NORDEA AM CIO - CLICK HERE
STOXX ON THE UP, UTILITIES IN THE LEAD - CLICK HERE
EUROPEAN FUTURES INCH UP AS Q1 SEASON GETS INTO GEAR - CLICK HERE
TECH, FX CLOUDS CLEAR - CLICK HERE