Stocks fell Thursday: S&P 500 is negative for 2016

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Stocks fell Thursday: S&P 500 is negative for 2016

— with the S&P 500 closing in negative territory for 2016 — despite investors encouraged by a big earnings beat from giant retailer Walmart but also as they priced in the prospect of higher interest rates and a resulting weaker stock market.

The S&P 500 has no gains to show for the week after three straight weeks of losses while the Nasdaq clasped a four-week losing streak. Despite gains on Friday, the Dow closed its fourth consecutive week in the red territory
Thursday:’s loss of 0.4 percent for the S&P 500 settled the broad-market index in the red for the year-to-date, joining the Russell 2000 and Nasdaq in that poor place.

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