U.S. stocks log first back-to-back losses in two weeks as Fed’s Bullard calls for more aggressive rate hikes

U.S. stocks just logged their first back-to-back losses in two weeks on Thursday as senior Federal Reserve officials emphasized the need for more aggressive interest-rate hikes. The S&P 500
SPX,
-0.31%
closed 12.23 points, or 0.3%, at 3,946.56. The Dow Jones Industrial Average
DJIA,
-0.02%
finished marginally lower, down 7.51 points, or less than 0.1%, at 33,546.32. The Nasdaq Composite
COMP,
-0.35%
closed off 38.70, or 0.4%, at 11,144.96. St. Louis Fed President James Bullard hinted earlier that the Fed may need to hike its benchmark policy rate as high as 7% to successfully combat inflation.