Wall Street’s Third Straight Losing Week Reflects Limping Stock Market

Wall Street Faces Third Consecutive Losing Week as Market Struggles to Rebound

Wall Street is on track to close its third consecutive losing week as the stock market continues to struggle. The S&P 500 and other U.S. indexes are down more than 2% for the week. The Dow Jones Industrial Average is slightly up, while the Nasdaq composite is slightly lower. August has been a rough month for the stock market, with a third of the S&P 500’s gains for the year being given back. The rapid rise in yields has caused investors to reassess the valuations of stocks, especially after concerns were raised about the market being overvalued.