Stock Market Today: Nasdaq Drops as Lyft Stock Slides

While the Nasdaq closed lower for a third straight day, strength in the energy sector lifted the S&P 500 and Dow.

Lyft sign
(Image credit: Getty Images)

 It was a choppy day for trading as stocks struggled for direction following two straight down days. 

Investors are jittery ahead of next week's release of the January consumer price index (CPI), particularly after last Friday's shockingly strong jobs report and an unexpected upward revision to the December CPI. A round of disappointing earnings weighed on investor sentiment, too, though a solid day for energy stocks kept the S&P 500 and Dow Jones Industrial Average above water. 

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Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.