Dow Jones Industrial Average, S&P 500 Plunge on Worst Weekly Drop Since March 2023
Major US stock indices, including the Dow Jones Industrial Average and S&P 500, experienced significant losses due to concerns over inflation and geopolitical tensions. The Dow recorded its largest weekly drop since March 2023, shedding nearly 500 points, while the S&P 500 closed down 1.5% for its worst day since January. The market sell-off was triggered by disappointing earnings from major banks and uncertainty surrounding Federal Reserve policy.
Sources
Good Morning America
Stocks suffer the sharpest weekly decline of 2024. Wall Street took a fall amid fears of inflation and rising tensions in the Middle East. @AlexisTVNews breaks it down. https://t.co/QgAX7wRgUQ https://t.co/MNu8hZkZKK
ET NOW US Market Fall: Losing week for Wall Street - Sticky inflation, geopolitical tensions at play? https://t.co/VcxKaHzwUg
- ET NOW
News Fatafat | Stubborn inflation coupled with geopolitical tensions lead to the worst week on Wall Street since October. Weak quarterly earnings by major banks add to the woes. #US #WallStreet https://t.co/qo00LqhlcD
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