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.
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:
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 💀
United States United States Latest News, United States United States 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 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.
Source: WSJ - 🏆 98. / 63 Read more »
10 Dividend Aristocrat stocks expected by analysts to rise up to 54% in 2023Stocks in this group have outperformed the benchmark S&P 500 for as long as 30 years. Aaronj_Estrada
Source: MarketWatch - 🏆 3. / 97 Read more »
Dow Shines as Higher Rates Squeeze Nasdaq’s Tech StocksWith the market in tumult, boring old value stocks are beating risky growth stocks—meaning it is the Dow’s turn to shine In a market in tumult, it's the boring old value stocks that are beating the risky growth stocks. This just goes to show that sometimes the tried-and-true strategies can be the most effective in uncertain times. wall street journal : wallstreetjournal memes S&p up only down 10% y/y heading into recession S&p is on the moon Evaluations are sky high We are well above 20% up from pre pandemic s&p level Earnings is well worse than Jan 2020 Long long way down before we see real price discovery
Source: WSJ - 🏆 98. / 63 Read more »