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
Online reading or offline clubs? Young Chinese embrace both in digital era
Traveling more than 1,000 kilometers from the Ningxia Hui Autonomous Region to Beijing, literature l2024-05-21China and India's 'stone age' border battle: Astonishing never
Astonishing video shows the climax of intense clashes between Chinese and Indian troops in 2020-21,2024-05-21Majority of EU nations want more partnerships to stem migration from countries of origin
COPENHAGEN, Denmark (AP) — A majority of European Union members are calling for more agreements with2024-05-21Pictured: Woman, 81, killed in 'axe attack' at her sister
A beloved pensioner who died after she was allegedly attacked with an axe at a tea-party to celebrat2024-05-21- Jennifer Garner dropped by the house her ex-husband, Ben Affleck, has been staying alone in amid rum2024-05-21
The Biden administration is planning more changes to quicken asylum processing for new migrants
WASHINGTON (AP) — The Biden administration is preparing more changes to the nation’s asylum system m2024-05-21
atest comment