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Dow closes down more than 450 points as Fed and government-shutdown fears punish bulls
U.S. stocks closed sharply lower Thursday, near to their 52-week lows, with investors rattled after the Federal Reserve’s interest-rate policy and fresh concerns of a partial government shutdown undercut buying appetite.
How did the benchmarks fare?
The Dow Jones Industrial Average DJIA, -1.99% fell 464.06 points, or 2% to 22,859.60, while the S&P 500 index SPX, -1.58% fell 39.54 points, or 1.6% to 2,467.42. The Nasdaq Composite Index COMP, -1.63% fell 108.42 points to 6,528.41, a 1.6% decline.
The session saw the Nasdaq dipping in and out of bear-market territory, defined as a 20% decline from its most recent highs. The Nasdaq closed roughly 0.6% above this critical level, while the S&P closed 15.8% from its most recent highs and the Dow down 14.8% from its early-October peak.
What drove the market?
...
https://www.marketwatch.com/story/us-sto...2018-12-20
U.S. stocks closed sharply lower Thursday, near to their 52-week lows, with investors rattled after the Federal Reserve’s interest-rate policy and fresh concerns of a partial government shutdown undercut buying appetite.
How did the benchmarks fare?
The Dow Jones Industrial Average DJIA, -1.99% fell 464.06 points, or 2% to 22,859.60, while the S&P 500 index SPX, -1.58% fell 39.54 points, or 1.6% to 2,467.42. The Nasdaq Composite Index COMP, -1.63% fell 108.42 points to 6,528.41, a 1.6% decline.
The session saw the Nasdaq dipping in and out of bear-market territory, defined as a 20% decline from its most recent highs. The Nasdaq closed roughly 0.6% above this critical level, while the S&P closed 15.8% from its most recent highs and the Dow down 14.8% from its early-October peak.
What drove the market?
...
https://www.marketwatch.com/story/us-sto...2018-12-20
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