14 C
New York
September 13, 2019
Sharp falls wipe out Wall Street's 2018 gains
Top Stories

Sharp falls wipe out Wall Street’s 2018 gains


Traders work the floor at the closing bell of the Dow Industrial Average at the New York Stock Exchange on October 24, 2018 in New YorkImage copyright
Getty Images

Wall Street fell sharply on Wednesday, erasing the gains posted this year for two of the three main indexes.

The Dow Jones Industrial Average sank 2.4% to 24,583.4 points, while the S&P 500 plunged 3.1% to 2,656.1 points.

The losses pushed the two indices into negative territory for the year.

The Nasdaq also fell more than 4.4% to 7,108.4 points amid concerns about weak corporate profits, trade tensions and other uncertainties.

That was the biggest one-day fall for the technology-focused index since August 2011.

The Dow, meanwhile, is on track for its worst month since May 2010.



Source BBC News

Related posts

Jalen Ramsey, Patrick Peterson: Jason Bell digs into the art of playing cornerback

12news

Blackpool photo wins Weather Photographer of the Year

12news

Arsenal v Sporting Lisbon: Danny Welbeck carried off on stretcher

12news

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More