Wall Street slumped nether the value of unit from the enslaved market, wherever Treasury yields climbed connected worries astir the U.S. government’s spiraling indebtedness and different concerns
Wall Street slumped nether the value of unit from the enslaved market, wherever Treasury yields climbed connected worries astir the U.S. government’s spiraling indebtedness and different concerns.
The S&P 500 fell 1.6% Wednesday. The Dow Jones Industrial Average dropped 1.9%, and the Nasdaq composite sank 1.4%.
Stocks had been drifting lone modestly little earlier successful the day, aft Target and different retailers gave mixed forecasts for their upcoming profits. The marketplace past turned sharply little aft the U.S. authorities released the results for its latest auction of 20-year bonds. That helped nonstop Treasury yields jumping.
On Wednesday:
The S&P 500 fell 95.85 points, oregon 1.6%, to 5,844.61.
The Dow Jones Industrial Average fell 816.80 points, oregon 1.9%, to 41,860.44.
The Nasdaq composite fell 270.07 points, oregon 1.4%, to 18,872.64.
The Russell 2000 scale of smaller companies fell 59.02 points, oregon 2.8%, to 2,046.56.
For the week:
The S&P 500 is down 113.77 points, oregon 1.9%.
The Dow is down 794.30 points, oregon 1.9%.
The Nasdaq is down 338.46, oregon 1.8%.
The Russell 2000 is down 66.70 points, oregon 3.2%.
For the year:
The S&P 500 is down 37.02 points, oregon 0.6%.
The Dow is down 683.78 points, oregon 1.6%.
The Nasdaq is down 438.15, oregon 2.3%.
The Russell 2000 is down 183.60 points, oregon 8.2%.