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

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.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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
Källa: WSJ - 🏆 98. / 63 Läs mer »

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.
Källa: Investingcom - 🏆 450. / 53 Läs mer »

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。
Källa: Reuters - 🏆 2. / 97 Läs mer »