ChainCatcher news, according to Jinshi reports, US stocks have fallen for the fourth consecutive day, with investors questioning high valuations ahead of intensive retail earnings disclosures and the upcoming central bank annual meeting. The S&P 500 index fell by 0.7%, while the Nasdaq dropped by over 1%. Howard Marks, co-chairman of Oaktree Capital Management, stated that stock valuations are expensive compared to fundamentals. Apollo Management's chief economist Torsten Slok pointed out that consumer spending is under pressure due to factors including slowing job growth, the resumption of student loan repayments, and an increase in evictions.