Dow tops 45K for first time -- but Wall Street slips as tech stocks slump

  • 📰 nypost
  • ⏱ Reading Time:
  • 46 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 43%
  • Publisher: 67%

Business News

Dow Jones Industrial Average,Economy,Federal Reserve

Investors also focused on the Federal Reserve’s next move following an in-line inflation reading.

‘Several’ of Trump’s cabinet noms, other appointees targeted with ‘violent, un-American’ bomb threats

In afternoon trading, the Dow Jones Industrial Average fell more than 100 points points, or 0.3%, to 44,732. The blue-chip index had closed at record highs for three straight sessions.Macy’s Santa Claus poses on the floor after ringing the opening bell on Wednesday. The Dow fell after crossing 45,000.

The sentiment spread to megacaps such as Nvidia and Microsoft, which dropped 3.5% and 1% respectively, while the Philadelphia SE Semiconductor Index slid 3.2% to hit a more than two-month low. “There are questions around the effects of Trump’s stated tariff policy, which, if implemented could be pretty inflationary and so the Fed is going to have to balance itself between the economic data and the incoming administration’s policy agenda.”, including his latest stance on imports from Mexico, Canada and China, which could push up prices, spark a trade war and weigh on growth globally.

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:

 /  🏆 91. in UK
 

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

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock futures are little changed as Wall Street awaits labor data and more earnings: Live updatesStocks notched a winning session on Monday.
Source: nbcsandiego - 🏆 524. / 51 Read more »