How major US stock indexes fared Thursday, 4/25/2024
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.
Related articles
Pet Shop Boys' 'Nonetheless' review: Catchy and bittersweet
Once upon a time, on Pet Shop Boys ' first single, “West End Girls,” vocalist Neil Tennant sang the2024-04-27China sees fewer production safety accidents in Q1
BEIJING, April 12 (Xinhua) -- China saw less production safety accidents in the first quarter of thi2024-04-27Economic Watch: Innovation leads China's flashlight production to broader prospects
NINGBO, April 12 (Xinhua) -- How could nearly 1,000 flashlight producers clustering in one township2024-04-27China, Vietnam hold 8th border defense friendship exchange
KUNMING, April 12 (Xinhua) -- China and Vietnam held the eighth border defense friendship exchange f2024-04-27Man shoots his friend dead for taking a bite out of his girlfriend's burger
A young man allegedly shot his friend dead for taking a bite out of his girlfriend's burger, an inve2024-04-27Commentary: Innovative greening manifests China's environmental preservation drive
(Xinhua) 10:04, April 09, 2024BEIJING, April 8 (Xinhua) -- Planting trees around Qingming Festival i2024-04-27
atest comment