How major US stock indexes fared Thursday, 4/25/2024
Time:2024-05-07 13:17:25 Source:travelViews(143)
Stocks closed lower on worries about a potentially toxic cocktail for financial markets, one where inflation remains stubbornly high but the economy’s growth flags.
A sharp drop for Meta Platforms, one of Wall Street’s most influential stocks, also dragged the market lower. The S&P 500 fell 0.5% Thursday after paring an earlier drop of 1.6%. The Dow Jones Industrial Average lost 1%, and the Nasdaq composite gave back 0.6%.
Treasury yields climbed after the government reported that inflation remained hotter than forecast during the first three months of the year. The economy’s growth also slowed more than expected.
On Thursday:
The S&P 500 fell 23.21 points, or 0.5%, to 5,048.42.
The Dow Jones Industrial Average fell 375.12 points, or 1%, to 38,085.80.
The Nasdaq composite fell 100.99 points, or 0.6%, to 15,611.76.
The Russell 2000 index of smaller companies fell 14.31 points, or 0.7%, to 1,981.12.
Previous:Activists in Bangladesh march through universities to demand end to Israel
Next:Jordan stations 2 firefighting helicopters in Cyprus to help as summer fire season arrives
You may also like
- Liz Hurley's nephew
- Changes to tenancy laws to come into force next year
- China news: Mystery as Xi Jinping unexpectedly skips key speech
- Israeli military says troops captured hundreds of fighters in Gaza hospital
- China extends more inclusive loans to small businesses
- Grief and anger in Moscow following concert attack
- US defense chief denies genocide committed in Gaza
- Israel to open three humanitarian routes into Gaza
- College protests: Columbia University cancels main commencement