: Dow clings to gain in final hour of trade, Nasdaq on pace for fourth day of losses
U.S. stocks were mostly lower in the final hour of trade Thursday as investors worried about higher oil prices, a robust labor market and whether the Federal Reserve will be able to ease up on its inflation fight. The Dow Jones Industrial Average DJIA was up 0.1%, clinging to a gain of about 47 points, near 34,490, after trading above 34,500 earlier in the session, according to FactSet. The S&P 500 index SPX was 0.3% lower and the Nasdaq Composite Index COMP off 0.9%. Oil prices CL00closed lower Thursday, easing back after the U.S. benchmark recently hit its highest levels of the year.
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