By STAN CHOE, Associated Press Business Writer
NEW YORK (AP) — Wall Street is falling on Thursday and heading toward a rare three-day losing streak.
The S&P 500 sank 0.7% in early trading. That was deeper than its dips from the prior two days, and the main measure of Wall Street’s health is on track for its longest losing streak in more than a month.
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The Dow Jones Industrial Average was down 107 points, or 0.2%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 1% lower. All three indexes are still near their records set at the start of the week.
Stocks felt pressure from several reports showing the U.S. economy may be stronger than economists thought. While that’s encouraging news for workers and for people looking for jobs, it could make the Federal Reserve