October 1, 2020

Market and Financial News Aggregator

How major US stock indexes fared Thursday

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Stocks fell sharply on Wall Street Thursday as high-flying technology companies took a tumble after months of spectacular gains

Stocks fell sharply on Wall Street Thursday as high-flying technology companies took a tumble after months of spectacular gains.

The selling was widespread, sending the benchmark S&P 500 3.5% lower, its biggest loss since June. The tech-heavy Nasdaq fell 5%. Both indexes set record highs a day earlier.

Treasury yields fell as cautious investors shifted money into bonds.

On Thursday:

The S&P 500 fell 125.78 points, or 3.5%, to 3,455.06.

The Dow Jones Industrial Average dropped 807.77 points, or 2.8%, to 28,292.73.

The Nasdaq composite lost 598.34 points, or 5%, to 11,458.10.

The Russell 2000 index of smaller company stocks gave up 47.61 points, or 3%, to 1,544.68.

For the week:

The S&P 500 is down 52.95 points, or 1.5%.

The Dow is down 361.14 points, or 1.3%.

The Nasdaq is down 237.53 points, or 2%.

The Russell 2000 is down 33.66 points, or 2.1%.

For the year:

The S&P 500 is up 224.28 points, or 6.9%.

The Dow is down 245.71 points, or 0.9%.

The Nasdaq is up 2,485.50 points, or 27.7%.

The Russell 2000 is down 123.79 points, or 7.4%.

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This item has been updated to correct the closing number for the Dow Jones Industrial Average. It was 28,292.73, not 29,292.73.




2020-09-03 20:32:47


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