Wall Street extends losses as technology and energy stocks fall

Stocks lost more ground on Wednesday, as Wall Street added to its losses a day after the market’s worst skid in a month. The Standard & Poor's 500 fell 0.2%, following a 2.1% drop a day earlier. The Nasdaq composite dropped 0.3%. The Dow Jones industrial average managed a gain of 38 points, or 0.1%. Technology stocks were the biggest weights on the market. Some of the bigger companies in the sector have an outsized impact on the broader market because of their large market values.

“Job vacancies declined, hires rose and quits were steady,” Carl Weinberg and Rubeela Farooqi, economists at High Frequency Economics, said in a note. “There is no signal here of any sudden collapse of the labor market here or any imminent recession.” Several other reports this week will help give a clearer picture of the economy for the Fed and Wall Street. The Institute for Supply Management will release its services sector index for August on Thursday.

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.

Global stocks plummet after Wall Street's worst day since AugustThe S&P 500's heaviest weight, Nvidia, fell 9.5% Tuesday.
Source: komonews - 🏆 272. / 63 Read more »

Global stocks tumble after Wall Street drops on worries about the economyHeadlines 09/03/2024
Source: nypost - 🏆 91. / 67 Read more »

European markets lower; tech stocks down 2.6% following declines on Wall StreetEuropean stocks fell sharply at the open Wednesday, following steep losses on Wall Street Tuesday and in Asia-Pacific markets overnight.
Source: CNBC - 🏆 12. / 72 Read more »

Asian stocks tumble after Wall Street's worst day since early AugustJapan's benchmark Nikkei 225 lost 3.8 percent, leading losses in Asia.
Source: trtworld - 🏆 101. / 63 Read more »

European markets open lower; tech stocks down 2.5% following declines on Wall StreetEuropean stocks fell sharply at the open Wednesday, following steep losses on Wall Street Tuesday and in Asia-Pacific markets overnight.
Source: CNBC - 🏆 12. / 72 Read more »

Asian stocks decline, following Wall Street's drop on worries about the economyAsian stocks are tumbling after Wall Street had its worst day since early August, as a week full of economic updates got off to a weak start.
Source: ksatnews - 🏆 442. / 53 Read more »