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April 2024 marked a significant downturn for major U.S. stock indexes, with the Dow Jones Industrial Average, S&P 500, and NASDAQ 100 all recording their worst monthly performances of the year. The Dow fell by over 1,500 points, a 5% decline, marking its most substantial drop since September 2022. Similarly, the S&P 500 and NASDAQ 100 saw declines of 4.2% and 4.4%, respectively, their sharpest since September 2023. This downturn ended a five-month winning streak for these indexes, driven by growing concerns over inflation and anticipation of Federal Reserve policy decisions.
APRIL WAS THE WORST MONTH FOR THE MAJOR INDEXES SO FAR IN 2024 Here's how the major indexes performed in April: S&P 500: -4.2% NASDAQ 100: -4.4% Dow Jones: -5%
Stock market today: Dow drops 570 points to end worst month of 2024 as traders brace for Fed decision https://t.co/KU9RbR5b2d
S&P 500, Nasdaq 100 Snap 5-Month Winning Streak In April As Inflation Reality Check Hits Bullish Sentiment April saw the US stock market's 5-month winning streak broken by inflation concerns and Fed policy worries. S&P 500 tumbled 4%, its worst performance since September 2023.… https://t.co/whs6gbp8a7