Stocks gave up an early rally and ended lower on Wall Street, marking their third losing week in a row. Indexes had opened higher following a report on the job market that showed a moderate slowdown in hiring. That stoked cautious optimism that the Federal Reserve may not need to be as aggressive with high interest rates in its fight against inflation. Indexes turned lower in the afternoon after Russian energy giant Gazprom said it wouldn’t reopen a natural gas pipeline to Germany for now, a bad sign for Europe’s ongoing struggle with higher energy prices. The S&P 500 fell about 1%.
Stocks shed early gains, end lower for 3rd straight week
