Markets right now: Dow sinks 800 as technology companies faint
Markets right now: Dow sinks 800 as technology companies faint
The latest on developments in financial markets (all local hours):
4 p.m.
The Dow Jones Industrial Average sank more than 800 points, its worst fall in eight months, led by sharp declines in technology stocks.
The increase in bond yields has led investors to stock Exchange, and the stocks with better performance during the past year took some of the biggest losses on Wednesday.
Amazon lost 6.2 percent and Netflix He returned 8.4 percent.
The Dow and the S & P 500, the benchmark for many index funds, lost more than 3 percent.
The 10-year yield is currently 3.20 percent, the highest in seven years and a sharp increase of 2.82 percent at the end of August.
The S & P 500 lost 94 points, or 3.3 percent, to 2,785.
The Dow fell 831 points, or 3.1 percent, to 25,598. The Nasdaq fell 315 points, or 4.1 percent, to 7,422.
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2:11 p.m.
Stocks are extending their fall on Wall Street, led by declines in major technology companies, as rising bond yields pull investors out of stocks.
The Dow Jones Industrial Average fell to 519 points on Wednesday afternoon.
Technological stocks, the biggest winners of the market in the last year, suffered some of the worst losses. Chipmaker Nvidia fell 5 percent.
The S & P 500 is on track for its fifth consecutive decline and its biggest decline since April.
The 10-year Treasury yield rose to 3.23 percent, the highest level in seven years.
The S & P 500 fell 54 points, or 1.9 percent, to 2,825.
The Dow fell 482 points, or 1.8 percent, to 25,950. The Nasdaq fell 177 points, or 2.3 percent, to 7,560.
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11:45 a.m.
Stocks are falling sharply on Wall Street as bond yields continue to rise, putting the S & P 500 index on course for its fifth consecutive decline.
Technological stocks, some of the biggest winners in the last 12 months, fell much more than the rest of the market on Wednesday. Microsoft surrendered 3.3 percent.
Yields on Treasuries rose again, which tempted more equity investors. The yield on 10-year Treasury bonds rose to 3.22 percent.
Sears Holdings plummeted 37 percent after the Wall Street Journal reported that the troubled retailer is preparing a bankruptcy filing.
The S & P 500 fell 39 points, or 1.4 percent, to 2,840.
The Dow Jones industrial average lost 342 points, or 1.3 percent, to 26,090. The Nasdaq compound fell 152 points, or 2 percent, to 7,585.
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9:35 a.m.
Stocks are opening much lower on Wall Street led by declines in technology and industrial companies.
Microsoft lost 1.4 percent in the first trading on Wednesday and 3M lost 1.6 percent.
Sears Holdings plummeted 37 percent after the Wall Street Journal reported that the troubled retailer is preparing a bankruptcy filing.
The S & P 500 index fell 15 points, or 0.6 percent, to 2,864.
The Dow Jones Industrial Average lost 117 points, or 0.4 percent, to 26,313. The Nasdaq compound fell 73 points, or 1 percent, to 7,663.
The prices of the bonds fell. The 10-year Treasury yield rose to 3.23 percent.
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SOURCE LINK ERESVIRAL.COM https://www.beviral.online
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