FILE - Marble sculptures occupy the pediment above the New York Stock Exchange signage, Tuesday Aug. 25, 2020, in New York. Stocks are falling again on Wall Street Friday, Sept. 4, a day after a big slump in technology companies pulled the market to its biggest drop since June.
The S&P 500 fell 0.8%, although the index did claw most of the way back from a 3.1% skid earlier in the day. A slide in technology stocks again did much of the damage. The S&P 500 fell 28.10 points to 3,426.96. The Dow Jones Industrial Average lost 159.42 points, or 0.6%, to 28,133.31. The index had swung sharply during the day, between a loss of as much as 628 points and a gain of as much as 247.
“A lot of people were piling into the trade and there are a lot of gains to be made,” said Stephanie Roth, portfolio macro analyst at J.P. Morgan Private Bank. “This is more an instance of profit-taking, rather than true panic.” Some of the tech high flyers racked up more losses Friday. Nvidia fell 3%, though the chipmaker is still up more than twofold this year.
Wall Street is not the economy!!!!
Bad day for gamblers.
Trump Depression!
Who cares? Fuck the rich. They are the only ones watching Wall st rn
😎😎😎
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