Standard & Poor's is down for the fourth consecutive session

The three main indices of US stocks declined, with the Standard & Poor's 500 index falling for the fourth consecutive session and the Nasdaq index falling for the third consecutive session. Meta Platforms Inc (META.O) shares fell by 6.8%.

The Standard & Poor's 500 index rose 13.8% in October and November in hopes of lower interest rate hikes and better-than-expected earnings, and it is expected that the Federal Reserve's tightening to combat inflation could lead to an economic downturn in 2023. The Dow Jones Industrial Average fell 350.76 points, or 1.03%, to 33,596.34 points, the Standard & Poor's 500 index fell 57.58 points, or 1.44%, to 3,941.26 points, and the Nasdaq Composite Index fell 225.05 points, or 2%, to 11,014.89 points.