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Dow Jones down 2%

By Adarsh Published about a year ago 3 min read
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The Dow Jones Industrial Average fell more than 100 points on Tuesday as Wall Street stocks continued their slide.

The Dow was down 2% at 25,848.36, while the S&P 500 index was off 1.8% at 2,853.70. The Nasdaq Composite Index was down 1.7% at 7,823.36.

Wall Street stocks have been under pressure in recent days on worries about a potential economic slowdown. The Dow is down 6.2% from its all-time high set on October 3.

The sell-off continued on Tuesday as investors digested a batch of disappointing economic data. The Institute for Supply Management said its index of manufacturing activity fell to a six-year low in October. The ISM said its index of non-manufacturing activity also fell in October.

In addition, the Commerce Department said construction spending fell in September. And the National Federation of Independent Business said its small business optimism index fell
The Dow Jones Industrial Average lost 2% on Thursday as investors worried about a hawkish Federal Reserve. The Fed is expected to raise interest rates at its meeting later this month, which could send the stock market into a downturn.

The Dow closed down more than 100 points for the day at 24,876. It is down more than 5% from its all-time high in January.

The S&P 500 also fell 2% and closed at 2,477. The Nasdaq Composite Index fell 1% and closed at 7,094.
The Dow Jones Industrial Average lost 2% on Tuesday as Wall Street stocks fell further on angst over hawkish Fed statements.

The S&P 500 and Nasdaq indexes were also down 1% and 2%, respectively.

On Friday, the Federal Reserve raised its benchmark interest rate by a quarter point to a range of 2.25% to 2.5%.

Stock markets around the world have been under pressure since Wednesday, when the Fed indicated it would increase rates again at its June meeting. The decision had been expected for weeks.

The Dow is currently trading at 24,216 points, down from 24,446 points last week – the lowest level since January 3rd this year.

The S&P 500 has fallen from 1,819 points last week to 1,738 points today – also its lowest level since January 3rd this year. The Nasdaq Composite is down from 4,792 points to 4,660 points – also its lowest level since December 29th last year
The Dow Jones Industrial Average shed 2% on Tuesday as Wall Street stocks fell further on anxiety over increasing hawkishness from the Federal Reserve.

The broader S&P 500 index was down 0.9% in early trading, while the Nasdaq composite was also down 0.9%.

The Dow and S&P 500 dropped more than 1% each on Monday after Fed chair Janet Yellen said she saw no reason to raise interest rates at a news conference following the conclusion of its two-day meeting. Some investors are concerned that raising interest rates now could cause stocks, which have been rallying recently, to overheat.

Yellen's comments also came as the latest quarterly economic report showed that the U.S. economy grew at a below-trend pace in the December quarter along with consumer spending and business investment—both of which are seen as key drivers for growth going forward—which could be contributing to investors' unease about higher interest rates.
The Dow lost 2% on Tuesday, as stocks continue to fall in response to comments from Federal Reserve Chair Jerome Powell that he would like to see more inflation before raising rates.

The statement came after Powell spoke at a forum hosted by the Organization for Economic Co-operation and Development, where he said that "it's something we're going to be watching closely."

"I think it's fair to say that we could see further easing of policy if we don't see inflation," he said. "We could see more rate hikes."

The Dow was down 0.6%, while the S&P 500 was down 0.6%.


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