Dow sheds almost 390 points, posts worst day since March as stock-market rout resumes

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 97%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

U.S. stocks closed sharply lower Tuesday, with the Dow booking its worst daily drop since the March banking crisis as the rout in equities resumed. The Dow...

U.S. stocks closed sharply lower Tuesday, with the Dow booking its worst daily drop since the March banking crisis as the rout in equities resumed. The Dow Jones Industrial Average DJIA, -1.14% shed about 388 points, or 1.1%, ending near 33,618, according to preliminary FactSet data. That cemented the Dow’s biggest daily percentage drop since March 22, according to Dow Jones Market Data.

The Dow last broke below the same support level on May 25. Losses were even sharper for the S&P 500 index, SPX, -1.47% which fell 1.5% and for the Nasdaq Composite Index, COMP, -1.57% which shed 1.6%. Stocks have been under pressure in September, with volatility climbing since last week when the Federal Reserve indicated its policy rate could stay above 5% through the end of next year, a surprise to investors counting on rate cuts. The 10-year Treasury yield TMUBMUSD10Y, 4.553% was at 4.

 

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

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 in late dash higher as Amazon climb helps tech shake funk By Investing.comStock Market Today: Dow in late dash higher as Amazon climb helps tech shake funk
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: Dow Falls More Than 400 Points; Bond Yields Hold Around 4.5%Live coverage of what's moving stocks and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite
Source: WSJ - 🏆 98. / 63 Read more »

Stock Market Today: Dow tumbles as rate scare extends October selloff By Investing.comStock Market Today: Dow tumbles as rate scare extends October selloff
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: Dow, S&P 500 Slip; Bond Yields Hold Around 4.5%Live coverage of what's moving stocks and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite
Source: WSJ - 🏆 98. / 63 Read more »