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Dow closes nearly 350 points lower as investors await September jobs report

dow closes nearly 350 points lower as investors await september jobs report

U.S. stocks finished lower on Thursday for the second day in a row as Minneapolis Federal Reserve Bank President Neel Kashkari played down the odds of the Fed pausing its interest-rate hikes, while investors awaited an update on the state of the U.S. labor market due out Friday. The S&P 500 SPX, -1.02% finished down 38.76 points, or 1%, at 3,744.52. The Dow Jones Industrial Average DJIA, -1.15% retreated 346.93 points, or 1.2%, to 29,926.94, while the Nasdaq Composite COMP, -0.68% fell 75.33 points, or 0.7%, to 11,073.31.

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