U.S. stocks went back to falling, and Big Tech again led the way.
The S&P 500 lost 1.1 percent Tuesday for its latest swerve in a scary, weekslong ride. The Dow Jones Industrial Average dropped 0.6 percent, and the Nasdaq composite tumbled 1.7 percent.
Tesla and stocks in the artificial-intelligence industry were again some of the heaviest weights on the market. They’ve been among the hardest hit in Wall Street’s recent sell-off caused by uncertainty created by President Donald Trump’s trade war. Treasury yields slipped ahead of the Federal Reserve’s announcement on interest rates coming Wednesday.
On Tuesday:
The S&P 500 fell 60.46 points, or 1.1 percent, to 5,614.66.
The Dow Jones Industrial Average fell 260.32 points, or 0.6 percent, to 41,581.31.
The Nasdaq composite fell 304.55 points, or 1.7 percent, to 17,504.12.
The Russell 2000 index of smaller companies fell 18.40 points, or 0.9 percent, to 2,049.94.
For the week:
The S&P 500 is down 24.28 points, or 0.4 percent.
The Dow is up 93.12 points, or 0.2 percent.
The Nasdaq is down 249.97 points, or 1.4 percent.
The Russell 2000 is up 5.84 points, or 0.3 percent.
For the year:
The S&P 500 is down 266.97 points, or 4.5 percent.
The Dow is down 962.91 points, or 2.3 percent.
The Nasdaq is down 1,806.68 points, or 9.4 percent.
The Russell 2000 is down 180.22 points, or 8.1 percent.
The views and opinions expressed are those of the authors. They are meant for general informational purposes only and should not be construed or interpreted as a recommendation or solicitation. The Epoch Times does not provide investment, tax, legal, financial planning, estate planning, or any other personal finance advice. The Epoch Times holds no liability for the accuracy or timeliness of the information provided.
