Dow Jones closes lower for third session in row

US stock indices fell on Thursday, as Dow Jones and S&P 500 fell for the third straight day, while Nasdaq closed lower for the first time in 5 sessions.

St Louis Fed President James Bullard said that the central bank should press ahead with a plan to dial down its massive pandemic stimulus programme.

This comes amid concerns over the coronavirus pandemic, especially after the new highly transmissible delta strain emerged, which sparked worries over the global economic recovery.

Goldman Sachs slashed its US economic growth forecast in 2021 to 5.7% due to concerns over the delta variant and the possibility of anther lockdown restrictions.

To the oil market, WTI crude October futures rose 1.4% or 95 cents, and closed at $69.30 a barrel.

Brent November futures rose 1.3% or 91 cents, and closed at $72.60 a barrel.

As for stocks, Dow Jones fell 0.2% or 69 points, and closed at 35,031, with a day high of 35,175, and a low of 34,925.

S&P 500 fell 0.1% or 6 points to 4,514, after hitting a high of 4,521, and a low of 4,493 points.

Nasdaq fell 0.6% or 87 points to 15,286, with a high of 15,360 and a low of 15,206.