Sunday, April 14, 2024
HomeTrading RoomFor A Third Day, The Dow Drops

For A Third Day, The Dow Drops

As Treasury yields rose to multiyear highs in response to the Federal Reserve’s decision to keep interest rates higher for longer, stocks declined on Thursday, compounding losses for the week.

By 200 points, or 0.6%, the Dow Jones Industrial Average fell. The Nasdaq Composite dropped 1.3% while the S&P 500 fell 1.1%.

The Nasdaq was expected to decrease by about 3%, while the Dow and S&P 500 were expected to close the week down roughly 1% and 2%, respectively.

Source (CNBC)

- Advertisment -

Most Popular

Google IT Support Professional Certificate

Google Cybersecurity Professional Certificate

Learn to Create a Budget Using a Spreadsheet

Free Certified in Cybersecurity Courses

Recent Comments