Nasdaq drops 2.7%, Dow sinks 450 points in losing week

Selling accelerated for U.S. equities during the final hour of trading as tech weakness continued to roil the broader market sending stocks lower for the day and week. 

The Nasdaq Composite fell 2.7% and the S&P 500 was lower by 1.8%, while the Dow Jones Industrial Average fell 450 points or 1.3%.  

All three of the major averages posted the worst weekly drop since March 2020 for the Nasdaq and S&P, the worst since October 2020 for the Dow. 

Ticker Security Last Change Change %
I:DJI DOW JONES AVERAGES 34265.37 -450.02 -1.30%
SP500 S&P 500 4397.94 -84.79 -1.89%
I:COMP NASDAQ COMPOSITE INDEX 13768.921815 -385.10 -2.72%

The selling continued in technology stocks, with Netflix down more than 21% after posting weaker-than-expected subscriber growth. The drop is the worst percentage loss

Read more
Dow tanks 392 points in stock selloff after Fed signals faster rate hikes

U.S. stocks ended sharply lower on Wednesday after selling picked up following the latest minutes from the Federal Reserve’s December meeting which signaled that policymakers are concerned about inflation broadening, which could accelerate planned rate hikes this year. 

The Dow Jones Industrial Average, which hit a record earlier, closed down 392 points or 1%, while the S&P 500 and Nasdaq Composite dropped 1.9% and 3.3%, respectively. Investors continued to rotate out of technology. 

HIRING PICKS UP WITH 807,000 JOBS CREATED: ADP

Ticker Security Last Change Change %
I:DJI DOW JONES AVERAGES 36407.11 -392.54 -1.07%
SP500 S&P 500 4700.58 -92.96 -1.94%
I:COMP NASDAQ COMPOSITE INDEX 15100.174159 -522.54 -3.34%

The selling puts the Dow farther away from its next 1,000 point milestone – 37,000.

Tech

Read more
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%

Read more
Dow jumps 647 points as omicron volatility fades

U.S. stocks rallied as investor fears over the omicron variant eased, even as rising inflation and uncertainty over the Federal Reserve’s tapering plan remain top of mind.

The Dow Jones Industrial Average rose 647 points or 1.9% after gaining over 750 points earlier in the session. It was the best day since March. 

The S&P 500 and Nasdaq Composite gained 1.1% and 0.9%, respectively. 

Ticker Security Last Change Change %
I:DJI DOW JONES AVERAGES 35227.03 +646.95 +1.87%
SP500 S&P 500 4591.67 +53.24 +1.17%
I:COMP NASDAQ COMPOSITE INDEX 15225.152466 +139.68 +0.93%

Most of the 30 Dow stocks rose, with Walgreens, Boeing and Amgen among the best performers. 

Ticker Security Last Change Change %
WBA WALGREENS BOOTS ALLIANCE, INC. 48.30 +1.77 +3.80%
BA THE BOEING CO. 205.87 +7.37 +3.71%
AMGN AMGEN, INC. 208.79 +6.35
Read more
Dow sinks 462 points as omicron US case rocks stocks

U.S. stocks got whipsawed on Wednesday after the CDC confirmed the first U.S. case of omicron in California. 

The Dow Jones Industrial Average fell over 462 points or 1.3% surrendering gains of over 300 points earlier. While the S&P 500 and the Nasdaq Composite sank 1.3% and 1.8%, respectively. 

Ticker Security Last Change Change %
I:DJI DOW JONES AVERAGES 34022.04 -461.68 -1.34%
SP500 S&P 500 4513.04 -53.96 -1.18%
I:COMP NASDAQ COMPOSITE INDEX 15254.052094 -283.64 -1.83%

This as the VIX, the so-called fear index which measures volatility, spiked to the highest level since March. 

Ticker Security Last Change Change %
VXZ BARCLAYS BANK PLC TRK ZT 23/01/48 28.25 +0.52 +1.88%

CHECK OUT FOXBUSINESS.COM’S CRYPTO REAL-TIME MARKET DATA

The Federal Reserve’s Beige Book, released at 2 pm ET, showed several regions reported supply chain issues and bottlenecks as possible

Read more