Tuesday, May 21, 2024
HomeTrading RoomDow Drops By Almost 300 Points

Dow Drops By Almost 300 Points

The latest set of economic and earnings statistics were being analysed by investors as stocks fell for a third session on Thursday and rates spiked to new highs.

The Dow Jones Industrial Average decreased 290.91 points, or 0.84%, to finish at 34,474.83 on the closing bell. The 30-stock Dow closed below the 50-day moving average for the first time since June 1—possibly a red flag that a downturn is beginning.

The S&P 500 dropped and finished the session at 4,370.36, down 0.77%. In order to reach 13,316.93, the Nasdaq Composite fell 1.17%.

Source (CNBC)

- Advertisment -

Most Popular

Recent Comments