How major US stock indexes fared Tuesday, 1/7/2025
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How major US stock indexes fared Tuesday, 1/7/2025

Associated Press  

Good news on the U.S. economy is back to being bad for Wall Street. The Dow Jones Industrial Average dropped 0.4%, and the Nasdaq composite tumbled 1.9%. While the strong reports on the U.S. job market and business activity were good news for anyone worried about a possible recession, they could also make it less likely the Federal Reserve will cut interest rates. The Dow Jones Industrial Average fell 178.20 points, or 0.4%, to 42,528.36. The Russell 2000 index of smaller companies fell 16.84 points, or 0.7%, to 2,249.81.

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