S&P 500 Posts First Back-to-Back Loss of 2026 After PPI Data

A slide in US stocks continued Wednesday as a flurry of economic data failed to change any expectations for the Federal Reserve’s interest-rate path and traders digest the latest round of big bank earnings.

The S&P 500 Index closed 0.5% lower in New York, notching its first back-to-back decline of the year. The tech-heavy Nasdaq 100 Index dropped 1.1%, also adding to losses from Tuesday’s session, almost wiping out gains for the year.