News Formal

Dow drops more than 600 points as U.S. stocks end lower amid economic slowdown fears

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

U.S. stocks closed sharply lower Wednesday after fresh economic data showed retail sales fell in December, with investors worried about slowing growth. The Dow Jones Industrial Average sank more than 600 points to end 1.9% lower:

U.S. stocks closed sharply lower Wednesday after fresh economic data showed retail sales fell in December, with investors worried about slowing growth. The Dow Jones Industrial Average DJIA, -1.81% sank more than 600 points to end 1.9% lower, while the S&P 500 SPX, -1.56% fell 1.6% and the technology-laden Nasdaq Composite COMP, -1.24% dropped 1.

3%, according to preliminary data from FactSet. Sales at retailers in the U.S. slid 1.1% last month, a slightly bigger drop than economists polled by The Wall Street Journal were expecting. In other economic data released Wednesday, the Federal Reserve reported that U.S. industrial production fell 0.7% in December. That was a steeper-than-expected decline and the biggest monthly drop in U.S. industrial production since September 2021.

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:

 /  🏆 3. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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 Loses Over 600 Points On Inflation, Retail DataThe Dow dropped more than 600 points as new data raised concerns about economic growth. Treasury yields fell sharply. I thought too much growth was the problem last year 🤔 Democrats destroying our economy 😢 dow jones is over inflated balloon
Source: WSJ - 🏆 98. / 63 Read more »

Dow futures tick lower, earnings in focus By Investing.com*U.S. STOCK FUTURES TICK LOWER AHEAD OF MORE EARNINGS AS INVESTORS RETURN FROM HOLIDAY $DIA $SPY $QQQ 🇺🇸 🇺🇸 👀 This is the reason I love $QQQ. Well-diversified so I don’t have to worry about individual fundamentals and churn in my portfolio.
Source: Investingcom - 🏆 450. / 53 Read more »

Goldman, Travelers drag Dow lower as earnings season picks upThe Dow fell more than 1% as weak earnings from Goldman Sachs dragged the index lower, but a jump in Tesla shares helped the Nasdaq stay positive as the corporate earnings season took center stage $GS $TSLA オーローレンス。
Source: Reuters - 🏆 2. / 97 Read more »