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US STOCKS-Wall Street drops 1 pct after Dow’s record-breaking surge

Alex Lowe by Alex Lowe
April 17, 2022
in Dow Jones
0

Home » US STOCKS-Wall Street drops 1 pct after Dow’s record-breaking surge

(For a live blog on the U.S. stock market, click or type LIVE/ in an Eikon news window.)

* Indexes fall: Dow 1.69 pct, S&P 1.59 pct, Nasdaq 1.50 pct

* All 30 Dow components in the red

* All 11 S&P sectors fall at least 1 percent (Updates to open)

Dec 27 (Reuters) – U.S. stocks tumbled 1 percent on Thursday in a broad-based decline led by energy shares, giving back some of the gains from a spectacular rally a day earlier that helped the blue-chip Dow Jones Industrial Average surge more than 1,000 points for the first time ever.

All the 11 S&P sectors fell more than 1 percent and all the 30 components of the Dow Jones Industrial Average were in the red.

A drop in oil prices led to a 2.21 percent drop in the energy index, while technology and consumer discretionary stocks shed 1.54 percent and 1.77 percent, respectively.

At 9:48 a.m. ET the Dow Jones Industrial Average was down 387.30 points, or 1.69 percent, at 22,491.15, the S&P 500 was down 39.21 points, or 1.59 percent, at 2,428.49 and…

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2018-12-27 08:00:00

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Tags: AmericasContent produced in BangaloreEquities MarketsMajor NewsNorth AmericaSTOCKS/ (UPDATE 2)United StatesUSA
Alex Lowe

Alex Lowe

Alex is a financial writer covering forex. He is a expert financial journalist whose credits include Bloomberg, FT of London, Chicago Tribune. Contact: [email protected]

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