US STOCKS-S&P, Nasdaq extend losing streak, as Wall St frets on rate path,(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Home Depot falls as FY profit forecast disappoints * Big tech stocks hit in widespread decline * U.S. business activity expands for first time in 8 months (Updates to close, adds analyst commentary) By David French Feb 21 (Reuters) - The S&P 500 and Nasdaq ended down for the third straight session as Wall Street slumped on Tuesday, with investors interpreting a rebound in U.S. business activity in February to mean interest rates will need to stay higher for longer to control inflation.
US STOCKS-S&P, Nasdaq extend losing streak, as Wall St frets on rate path
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Home Depot falls as FY profit forecast disappoints * Big tech stocks hit in widespread decline * U.S. business activity expands for first time in 8 months (Updates to close, adds analyst commentary) By David French Feb 21 (Reuters) – The S&P 500 and Nasdaq ended down for the third straight session as Wall Street slumped on Tuesday, with investors interpreting a rebound in U.S. business activity in February to mean interest rates will need to stay higher for longer to control inflation.
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