More steep losses for technology stocks pushed the S&P 500 down 3.6% on Wall Street Friday.
A pedestrian walks past the New York Stock Exchange, Monday, Jan. 24, 2022, in New York. Stocks are falling in early trading on Wall Street Friday, April 29, putting major indexes back into the red for the week after several sharp moves both up and down.
The benchmark S&P 500 fell 3.6% and finished April with an 8.8% loss, its worst monthly slide since March 2020. The Dow slumped 2.8%. “When you start to hear from companies saying that perhaps demand is down, the concerns over a deeper slowdown in the economy gains momentum, and that's where we are,” said Quincy Krosby, chief equity strategist for LPL Financial.
Smaller company stocks also had a rough day. The Russell 2000 slid 53.84 points, or 2.8%, to 1,864.10. The Commerce Department on Friday reported that an inflation gauge closely tracked by the Federal Reserve Persistently rising inflation has prompted central banks to raise interest rates in order to temper the impact on businesses and consumers.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Dow tumbles more than 900 points Friday, Nasdaq books worst month since 2008 crashStocks tumbled into the closing bell Friday, with all three major equity indexes shedding more than 2.7% to end an ugly week and month on Wall Street. The Dow Jones Industrial Average fell about 938 points, or 2.8%, ending the session near 32,977:
Les mer »
Tech stocks sink again, Nasdaq has worst month since 2008The Dow Jones Industrial Average slumped more than 900 points Friday as another sharp sell-off led by technology added to Wall Street's losses in April, leaving the S&P 500's with its biggest monthly skid since the start of the pandemic.
Les mer »
Tech stocks sink; Nasdaq has worst month since 2008Another sharp sell-off led by tech added to Wall Street losses in April, leaving the S&P 500 with its biggest monthly skid since the pandemic's start.
Les mer »
Tech stocks sink again, Nasdaq has worst month since 2008More steep losses for technology stocks pushed the S&P 500 down 3.6% on Wall Street Friday
Les mer »
Nasdaq wraps its worst month in nearly 14 years as recession fears grow strongerUS stocks plunged, with the Nasdaq marking its worst month since October 2008 and the S&P notching its worst month since March 2020 at the onset of the Covid pandemic.
Les mer »