How major US stock indexes fared Wednesday, 10/25/2023
1 year, 2 months ago

How major US stock indexes fared Wednesday, 10/25/2023

Associated Press  

Wall Street sank back to where it was in May, pulled down by steep drops in several Big Tech companies. The S&P 500 fell 1.4% Wednesday after rising bond yields tightened their chokehold on the stock market and some of the most influential companies turned in mixed profit reports. The Dow lost 105 points, and the tech-heavy Nasdaq composite dropped 2.4%. The Dow Jones Industrial Average fell 105.45 points, or 0.3%, to 33,035.93. The Nasdaq composite fell 318.65 points, or 2.4%, to 12,821.22 The Russell 2000 index of smaller companies fell 28.07 points, or 1.7% to 1,651.43.

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