Dow tanks 532 points, Nasdaq notches gain
U.S. stocks fell for the second straight session as investors wrapped the week.
The Dow Jones Industrial Average fell 532 points or 1.5%, while the S&P 500 slipped 1%. The Nasdaq Composite, bucked the downtrend, inching 0.07% higher.
Traders also faced triple witching when stock and index options expire along with index futures kicking up volatility.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
I:DJI | DOW JONES AVERAGES | 35365.44 | -532.20 | -1.48% |
SP500 | S&P 500 | 4620.64 | -48.03 | -1.03% |
I:COMP | NASDAQ COMPOSITE INDEX | 15169.682092 | -10.75 | -0.07% |
GET FOX BUSINESS ON THE GO BY CLICKING HERE
The Federal Reserve-driven rally fizzled after policymakers said they are preparing to begin raising rates next year to fight inflation.
Gold got a boost in a flight to safety and is on pace to close at a one-month-high, as oil slipped 2%