U.S. stocks are closing lower as Wall Street’s modest August retreat continued another day.
Stocks fluctuated over the day as financiers are uncertain whether the market’s strong run in July is the start of a turn-around or a momentary blip. The S&P 500, the Nasdaq and the Dow Jones Industrial Average fell. Analysts mentioned remarks from Federal Reserve authorities that recommended continued walkings to interest rates are coming in order to knock down inflation.
Caterpillar took a struck after reporting weak sales.