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News Wire / economy

Dow Jones Drops Over 500 Points

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Dow futures experienced a decline of more than 50 points. The Nasdaq decreased by 62 points to 24,600, while the S&P 500 dropped 14 points to 7,124. Oil prices rose nearly 7% to $106 per barrel. The Dow Jones Industrial Average fell 384 points following the Federal Reserve's decision to hold interest rates steady. The S&P 500 dropped 26 points during the same period. The NASDAQ also saw a decline of 83 points. These market movements occurred on Wall Street. The S&P 500 opened 34 points lower at the start of trading. Investors attributed the decline to excessive spending on artificial intelligence. The report follows the Federal Reserve news conference held by Chairman Powell yesterday. stock indexes fell on Monday following a flare-up of violence between the United States and Iran in the Persian Gulf. Analysts suggest the energy shock from the conflict may impact the U.S.

Topics

stock market

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Sources · 7 independent

Bloomberg Radio

“just seven points. Dow futures down more than 50 and Nasdaq futures.”

CBN São Paulo AAC

“comum está na disputa pelo Senado, porque a pesquisa genial, o Quest.”

WTOP Washington DC

“Wall Street's, right now the Dow, is down 325 points.”

KIRO FM Seattle

“Wall Street's right now the Dow is down 325 points”

KIRO FM Seattle

“On Wall Street, we await a Fed decision and stocks are jittery the Dow down 304 points, the S&P 500 down 14”

WGN Radio 720

“The Dow is down 332 points at 48,809. Nasdaq is down 62 points at 24,600. S&P 500 is down 14 points at 7124. Oil up almost 7% at $106 a barrel.”

KIRO FM Seattle

“The Dow is down 384 points right now after the Fed decision to hold interest rates steady. We're seeing a similar drop with the S&P 500 down 26 points. The NASDAQ also down 83.”

WTOP Washington DC

“On Wall Street, the Dow down 277.6 as the Fed decides to hold off on an interest rate cut.”

Bloomberg Radio

“We've got the S&P 500 34 points to start our third down 8% after too much spending on AI according to investors.”

RTHK Radio 1 Cantonese

“道琼斯指数报48,924点,刚刚跳到48,927点,跌572点。比账波尔500指数报7,195点,跌34点。”

WBBM Newsradio 780

“The major indexes down from all-time highs, with the Dow down 519 points, the Nasdaq down 49, and the S&P 500 down 28 points.”

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