US STOCKS-S&P, Nasdaq extend losing streak, as Wall St frets on rate path

[ASFN Admin]

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. The S&P Global Purchasing Manufacturer's index, which reflects business activity in the United States, returned to expansion for the first time in eight months in February.

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