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.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

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

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

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.
Bron: CNBC - 🏆 12. / 72 Lees verder »

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

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.
Bron: CNBC - 🏆 12. / 72 Lees verder »

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.
Bron: ksatnews - 🏆 442. / 53 Lees verder »