US stocks close lower. Major indices on pace for a lower close for the week

<p>Major US stock indices closed lower with the NASDAQ and S&amp;P index now down for the 3rd consecutive day. All the major currencies are on pace for declines on the week.</p><p>Looking at the final numbers :</p><ul><li>Dow industrial average tumbled an additional -251.65 points or -0.75% at 33413.44</li><li>S&amp;P index fell -36.60 points or -0.85% at 4277.99</li><li>NASDAQ index fell -128.14 points or -0.96% at 13186.17</li></ul><p>For the trading week the NASDAQ is leading the way lower. For the trading week:</p><ul><li>Dow industrial average is down -0.76%</li><li>S&amp;P index is down -1.15%</li><li>NASDAQ index is down -1.65%</li></ul><p>Geopolitical concerns, higher oil prices, higher bond yields, and a Fed chair that is still fighting for 2% inflation. Powell said that continued economic strength could warrant further tightening.</p>

This article was written by Greg Michalowski at www.forexlive.com.