U.S. stock benchmarks were on the retreat Thursday, amid ongoing turmoil surrounding Britain’s attempt at an orderly exit from the European Union, which may prove a source of turbulence for Wall Street. Investors also digested late Wednesday comments from Federal Reserve Chairman Jerome Powell for clues on monetary policy.
The Dow Jones Industrial Average DJIA, -0.29% fell 131 points, or 0.5% to 24,948, while the S&P 500 index retreated 8 points, or 0.3% to 2,693. The Nasdaq Composite Index was virtually unchanged at 7,141.
On Wednesday, the Dow fell 205.99 points, or 0.8% to 25,080.50, its fourth decline in row, the longest such streak since Aug. 13, according to FactSet data.
The S&P 500 index dropped 20.6 points, or 0.8%, to 2,701.58 and the Nasdaq Composite Index shed 64.48 points, or 0.9%, to 7,136.39.