Nasdaq Plunges To Nearly Two-Month Closing Low As Bond Yields Rebound
WASHINGTON (dpa-AFX) - Stocks moved mostly lower over the course of the trading day on Wednesday, extending the pullback seen in the previous session. The tech-heavy Nasdaq showed another particularly steep drop, tumbling to its lowest closing level in nearly two months.
The major averages saw further downside going into the close, ending the session at their worst levels of the day. The Nasdaq plunged 361.04 points or 2.7 percent to 12,997.75, the S&P 500 slumped 50.57 points or 1.3 percent to 3,819.72 and the Dow fell 121.43 points or 0.4 percent to 31,270.09.
The continued weakness on Wall Street came as bond yields showed a notable rebound after trending lower over the past few sessions.
Nasdaq Moves Sharply Lower In Morning Trading, Dow Posting Modest Loss
WASHINGTON (dpa-AFX) - Stocks have moved mostly lower in morning trading on Monday after ending the previous session nearly unchanged. The major averages have all moved to the downside, with the tech-heavy Nasdaq showing a particularly steep drop.
The Dow has climbed well off its worst levels of the day but remained down 99.44 points or 0.3 percent at 31,394.88. The Nasdaq is down 199.43 points or 1.4 percent at 13,675.03 and the S&P 500 is down 25.34 points or 0.7 percent at 3,881.37.
The weakness on Wall Street partly reflects concerns about the outlook for inflation following the recent advance by bond yields.
WASHINGTON (dpa-AFX) - Stocks moved mostly lower during trading on Monday, with the tech-heavy Nasdaq showing a particularly steep drop. The S&P 500 also ended the day firmly in negative territory
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U.S. Stocks Seeing Further Upside After Early Rally
WASHINGTON (dpa-AFX) - After moving sharply higher early in the session, stocks continue to see significant strength in mid-day trading on Thursday. With the rally on the day, the major averages are partly offsetting the steep losses posted in the previous session.
The major averages have seen further upside in recent trading, reaching new highs for the session. The Dow is up 617.45 points or 2 percent at 30,920.62, the Nasdaq is up 182.74 points or 1.4 percent at 13,453.33 and the S&P 500 is up 73.44 points or 2 percent at 3,824.21.
The rebound on Wall Street comes as traders look to pick up stocks at somewhat reduced levels following the sell-off seen on Wednesday.