After consistently recording new highs in recent sessions, the U.S. market is struggling to move higher Thursday afternoon despite having opened on a slightly positive note.
The Dow is down 155.21 points or 0.44 percent at 35,250.29. The S&P 500 is down 21.27 or 0.47 percent at 4,474.92, while the tech-laden Nasdaq is lower by 65.82 points or 0.44 percent at 14,976.04.
Traders are reacting to President of the St. Louis Fed James Bullard's comments that he is of the view that the central bank should start tapering bond purchases in the fall and finish the process by the first quarter of next financial year. He has also called for a rate hike by end 2022.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.