S&P 500, Nasdaq close lower as traders cash in on latest megacap rally By Reuters

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S&P 500, Nasdaq close lower as traders cash in on latest megacap rally By Reuters
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*S&P 500, NASDAQ CLOSE LOWER AMID FEARS OVER JULY FED RATE HIKE $DIA $SPY $QQQ $IWM 🇺🇸🇺🇸

and Nasdaq closed in negative territory on Wednesday as investors took profits after a months-long megacap stocks run and ahead of key economic and policy events next week.climbed 1.78% as investors kept moving away from megagap and growth stocks after their strong gains.

U.S. inflation data is expected to show consumer prices eased slightly in May from the previous month but with elevated core prices.

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