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By Staff Reporters
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U.S. stocks closed sharply lower with the Dow Jones Industrial Average ending at its lowest closing value since November 2020. All three major benchmarks suffered another week of losses as bond yields rose in the wake of the Federal Reserve’s interest rate hike on Wednesday.
- The Dow Jones Industrial Average shed 486.27 points, or 1.6%, to close at 29,590.41.
- The S&P 500 dropped 64.76 points, or 1.7%, to finish at 3,693.23.
- The NASDAQ Composite slid 198.88 points, or 1.8%, to end at 10,867.93.
For the week, the Dow dropped 4% while the S&P 500 slid 4.6% and the NASDAQ tumbled 5.1%, according to Dow Jones Market Data. All three major indexes declined for a second straight week.
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Filed under: Alerts Sign-Up, Investing | Tagged: DJIA, market snapshot, NASDAQ, S&P |
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