U.S. stock indexes extended losses in the last hour of trade, struggling to recover ground after a four-day losing streak. The Dow Jones Industrial Average DJIA, -0.19% shed 50 points, or 0.2%, at 33,546, after rallying over 145 points in the morning session. The S&P 500 SPX, -0.40% was down 0.
4%, on pace to book its fifth straight day of losses, according to Dow Jones Market Data. The Nasdaq Composite COMP, -0.70% fell 0.7%. Investors continued to assess the potential economic damage inflicted by high inflation and the likelihood of a more aggressive hiking cycle from the Federal Reserve than previously anticipated.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock Market News Today: Dow Drops 400 Points, Nasdaq and S&P 500 DownThe Dow fell more than 500 points, extending this week's declines on worries about the outlook for interest rates DJ only 8% down on 2022 .. stills not pricing any kind of recession. There is waaay more to go, on the downside, unless a ton of inflation is priced in — and it does not appear to be a valid assumption. Good.
Source: WSJ - 🏆 98. / 63 Read more »
U.S. stocks open lower, with Dow down slightly from Monday's slumpU.S. stocks opened slightly lower Tuesday, with the S&P 500 and Nasdaq Composite trading about flat after Monday's sharp selloff. The Dow Jones Industrial... One minute they’re higher The next they are lower 🤣🤣 MarketsWithETNOW
Source: MarketWatch - 🏆 3. / 97 Read more »
Bitcoin Underperforms S&P 500 as Stocks Have Overshot Fundamentals, Crypto Trading Firm QCP SaysAs some observers expect bitcoin to catch up with the recent rally in stocks, QCPCapital suggests otherwise, saying the S&P 500 has overshot fundamentals. By godbole17 QCPCapital godbole17 How young is Bitcoin?
Source: CoinDesk - 🏆 291. / 63 Read more »
S&P 500 books fourth straight day of losses as U.S. stocks close sharply lowerU.S. stocks ended sharply lower Tuesday as investors sought safe-haven assets amid recession concerns and increased market volatility. The Dow Jones Industrial Average dropped around 350 points to close 1% lower: 5th time’s the charm When’s this recession starting? lmao
Source: MarketWatch - 🏆 3. / 97 Read more »