U.S. stocks are on track for their worst daily pullback in nearly a month on Monday as the S&P 500 traded below 4,000. Equity prices have been rattled by stronger-than-expected economic data, which market strategists say could inspire the Federal Reserve to hike interest-rates more aggressively. The S&P 500 SPX, -2.03% fell 82 points, or 2%, to 3,988.
The Dow Jones Industrial Average DJIA, -1.56% fell 540 points, or 1.6%, to 33,889. The Nasdaq Composite COMP, -2.29% fell 254 points, or 2.2%, to 11,206. All three indexes were on track for their worst day since at least Nov. 9, according to FactSet data. Meanwhile the Russell 2000 RUT, -2.91% was down 55 points, or 2.9%, to 1,837, on track for its biggest drop since Nov. 2.
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US stocks are on track for their worst daily pullback in nearly a month as the S&P 500 traded below 4,000. Equity prices have been rattled by stronger-than-expected economic data which could inspire the Federal Reserve to hike interest-rates more aggressively.
Over nonfarm payroll data 💀
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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.
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