How major US stock indexes fared Thursday, 4/25/2024
Time:2024-05-07 14:19:23 Source:entertainmentViews(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:North Dakota state rep found guilty of misdemeanor charge tied to budget votes and building
Next:Macron sets Ukraine war as top priority as China's Xi Jinping arrives in France
You may also like
- Travis Kelce parties at star
- Xi Focus: Xi Jinping Leads China's Drive Toward Rural Modernization
- Xi Meets United Russia Party Chairman Medvedev
- Xi Calls on Economic Daily to Better Tell China's Economic Development Stories
- Happy birthday Archie! As the young royal turns five today
- Xi's Article on Party's Traditions, Yan'an Spirit to Be Published
- Xi Makes Video Calls to People Across China, Extending Festive Greetings Ahead of Year of Rabbit
- Xi Delivers Written Remarks at 15th China
- Millions of people across Oklahoma, southern Kansas at risk of tornadoes and severe thunderstorms