U.S. stocks ended sharply lower Tuesday, with the S&P 500 falling for a fourth straight day, as investors sought safe-haven assets amid recession concerns and increased market volatility. The Dow Jones Industrial Average DJIA, -1.03% dropped around 350 points to close 1% lower, while the S&P 500 fell SPX, -1.44% 1.4% and the Nasdaq Composite COMP, -2.00% sank 2%, according to preliminary data from FactSet.
Energy was the hardest hit sector of the S&P 500, followed by communication-services, information-technology and consumer-discretionary shares, FactSet data show. Utilities, a defensive area of the stock market, was the sole sector of the S&P 500 to finish with gains, rising around 0.7%. The yield on the 10-year Treasury note, a safe haven asset, fell 8.6 basis points to 3.512%, according to Dow Jones Market Data. Treasury yields and prices move in opposite directions.
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:
When’s this recession starting? lmao
5th time’s the charm
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock Market Today: Dow Drops 500 Points; Nasdaq and S&P 500 FallThe Dow dropped more than 500 points after strong economic data caused concern that the Fed will be forced to raise rates more than anticipated Mira, the problem. Play w it and pay for it or slay it. STAGFLATION. VERY REAL. Do the Volker. Stop w the 'what should I do next'. Out of the panties. Into the drawers. 2 Bah Bah Biden. Good is bad. Up is down.
Source: WSJ - 🏆 98. / 63 Read more »
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 »